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Saudi Arabia has pledged investment deals worth $20bn (£15.5bn) with Pakistan which is seeking to bolster its fragile economy.
The deals include funding for an $8bn oil refinery in the city of Gwadar.
It comes as part of a high-profile Asian tour by the kingdom's Crown Prince Mohammed bin Salman.
Pakistan is suffering a financial crisis. It has only $8bn left in foreign reserves and is looking to international backers for support.
Prime Minister Imran Khan has been seeking help from friendly countries in order to cut the size of the bailout package his country is likely to need from the International Monetary Fund, under very strict conditions.
The country is seeking its 13th bailout since the late 1980s and Saudi Arabia has already provided a $6bn loan.
Pakistan also said it would confer its highest civilian honour on the Saudi crown prince, the Order of Pakistan, a day after the investment deals were finalised.
The deals include funding for an $8bn oil refinery in the city of Gwadar.
It comes as part of a high-profile Asian tour by the kingdom's Crown Prince Mohammed bin Salman.
Pakistan is suffering a financial crisis. It has only $8bn left in foreign reserves and is looking to international backers for support.
Prime Minister Imran Khan has been seeking help from friendly countries in order to cut the size of the bailout package his country is likely to need from the International Monetary Fund, under very strict conditions.
The country is seeking its 13th bailout since the late 1980s and Saudi Arabia has already provided a $6bn loan.
Pakistan also said it would confer its highest civilian honour on the Saudi crown prince, the Order of Pakistan, a day after the investment deals were finalised.
Saudi prince signs $20bn in Pakistan deals
Posted from bbc.com
Saudi Arabia
Pakistan
Diplomacy
Posted 6 y ago
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PO1 William "Chip" Nagel thanks for sharing and a middle east share of significance. Great situational read/share of Saudi Arabia and Pakistan.
Maj Marty Hogan SGT (Join to see) SPC Margaret Higgins SGT David A. 'Cowboy' Groth CW5 Jack CardwellCOL Mikel J. Burroughs CPL Dave HooverLTC Stephen F. SSG William Jones Lt Col Charlie Brown PO1 Tony Holland PO1 H Gene Lawrence Lt Col John (Jack) Christensen LTC (Join to see) SCPO Morris Ramsey Capt Dwayne Conyers TSgt Joe C. PVT Mark Zehner SSgt Terry P.
Maj Marty Hogan SGT (Join to see) SPC Margaret Higgins SGT David A. 'Cowboy' Groth CW5 Jack CardwellCOL Mikel J. Burroughs CPL Dave HooverLTC Stephen F. SSG William Jones Lt Col Charlie Brown PO1 Tony Holland PO1 H Gene Lawrence Lt Col John (Jack) Christensen LTC (Join to see) SCPO Morris Ramsey Capt Dwayne Conyers TSgt Joe C. PVT Mark Zehner SSgt Terry P.
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Interesting news share brother Chip, have a great afternoon brother.
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