Govt to offer Saudis investment opportunities in Reko Diq

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Pakistan will likely offer investment opportunities in Reko Diq mines and LNG-based power plants to Saudi Arabia in exchange for oil on deferred payments and financial assistance, a local media outlet reported on Saturday.

A memorandum of understanding (MoU) over the matter may be signed during the upcoming visit of a Saudi delegation which is set to arrive in Pakistan on Sunday.

Previously, Pakistan had offered Saudi Arabia to join the China-Pakistan Economic Corridor (CPEC).