Saudi prince signs $20bn in Pakistan deals (BBC)

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. Read more

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