The minister stated that the crown prince's visit to Pakistan would strengthen bilateral relations which were based on mutual respect, cooperation and trust. The Minister said new avenues of cooperation between the two countries will be opened between the two countries. Pakistan and Saudi Arabia are expected to sign memoranda of understanding (MoU) during the crown prince's visit. Saudi Arabia has already approved $6 billion bailout package for Pakistan in difficult economic situation owing to balance of payment issues.
Saudi Arabia is also setting up an oil refinery in Gwadar and in this regard Saudi Petroleum and Energy Minister visited Pakistan on Saturday and stated that Saudi Arabia will bring bigger ever investment in Pakistan.