Saudi visit highlights Pakistan' search for investment


  • World
  • Tuesday, 19 Feb 2019

Pakistani Prime Minister Imran Khan accompanies Saudi Arabia's Crown Prince Mohammed bin Salman on a carriage to the President House in Islamabad, Pakistan February 18, 2019. Press Information Department (PID)/Handout via REUTERS

ISLAMABAD (Reuters) - The lavish welcome for visiting Saudi Crown Prince Mohammed bin Salman in Islamabad this weekend could hardly have made more clear Pakistan's dependence on foreign investments to prop up its stumbling economy and plug its depleted reserves.

Fighter jets escorted the prince's plane across Pakistani airspace and television stations devoted hours of live coverage to the royal motorcade and ceremony, where officials signed memoranda of understanding in energy, minerals and agriculture valued at about $20 billion.

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