Saudi Crown Prince Mohammad Bin Salman’s visit to Pakistan has been postponed, the Foreign Office confirms the news.
Foreign Office Spokesperson Mumtaz Zahra Baloch confirmed the development to Dawndotcom, adding that the new date of his visit would be announced soon. The Saudi Crown Prince Mohammad Bin Salman was expected to visit Pakistan later this month.
During the visit, Pakistan hoped to get a $4.2 billion bailout package, and numerous Pakistan-Saudi petroleum agreements are being finalized for signing.
The Saudi Kingdom will also assist in the establishment of a modern oil refinery in Gwadar at a cost of 10 billion dollars while the Chinese companies will run the refinery’s operations after the completion of the project. Crown Prince Salman also postponed his visit to neighboring India as well as other Asian countries. Now, he would only attend the G20 summit in Indonesia.
Though no official reason was given for the postponement, sources said multiple factors, including current political uncertainty and the appointment of a new army chief, might have played a key role.