Pakistan, KSA set to ink multi-billion dollar Aramco oil refinery deal

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A 15-member Saudi delegation visited Gwadar the port city in Balochistan on Wednesday as part of the finalization process of MoU for the Aramco oil refinery. (Photo courtesy: Saudi Embassy in Islamabad)
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Pakistani authorities expect to sign a number of investment deals including the construction of mega oil refinery during the upcoming visit of Saudi crown prince to Pakistan. (Photo courtesy: Saudi Embassy in Islamabad)
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A 15-member Saudi delegation visited Gwadar the port city in Balochistan as part of the finalization process of MoU for the Aramco oil refinery. (Photo courtesy: Saudi Embassy in Islamabad)
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Pakistani authorities are briefing visiting delegation of Saudi Arabia at Gwadar, Balochistan. (Photo courtesy: Board of Investment)
Updated 05 January 2019

Pakistan, KSA set to ink multi-billion dollar Aramco oil refinery deal

  • MoU for construction of mega oil refinery will be inked in February, says information minister
  • Pakistan expects $15 billion investment from Saudi Arabia in the next 3 years

KARACHI: Pakistan and the Kingdom of Saudi Arabia have finalized the Memorandum of Understand (MoU) for the construction of multi-billion dollar Saudi Aramco oil refinery in Gwadar deep seaport city, located in Balochistan province, officials said on Thursday.
Pakistan is expecting to sign a number of investment deals including the construction of mega oil refinery in the month of February in the presence of a high-level Saudi delegation, confirmed Information Minister Fawad Chaudhry. 
“The oil refinery project is the biggest investment project of Saudi Arabia in Pakistan,” he added.
Pakistan and Saudi Arabia have lately expressed renewed interest in enhancing bilateral strategic and trade engagements while the Kingdom also pledged $3 billion in a financial assistant to help Pakistan out of its economic woes. 
“A 15-member delegation of Saudi Arabia visited Gwadar from Karachi as part of the finalization process of the MoU for Aramco oil refinery,” Haroon Sharif, Minister of State and Chairman of Pakistan Board of Investment (BoI), told Arab News.
“We have finalized the MoU for the construction of Aramco oil refinery,” Sharif said adding that “overall directions have been agreed upon and the agreement will be signed at an ‘appropriate time’.”
Pakistani authorities expect $15 billion investment from Saudi Arabia after Prime minister Imran Khan chose the Kingdom for his maiden visit and consequently made two official visits.
Earlier, the BoI chief had said that “We are going to sign MoUs with Saudi Aramco and Acwa Power within few weeks. Saudi Aramco is going to set up oil refinery and petrochemical complex in Pakistan while Acwa Power will invest in Pakistan renewable energy sector”, Sharif informed.
As part of the investment plan, the Saudi Aramco will construct petrochemical complex housing multi-billion dollar oil refinery.
“I am expecting around $15 billion investment from Saudi Arabia in the next 3 years. The inflow of investment for oil refinery and petrochemical complex in Pakistan is estimated to be between $6 billion to $10 billion,” BoI Chairman told Arab News. 
Pakistan hopes to attract more than $40 billion in Foreign Direct Investment (FDI) during the next five years. “We estimate that roughly around $40 billion investment will be made by these three countries (Saudi Arabia, UAE, and China) in the next three to five years,” Sharif had told Arab New during his recent interview. 
During the recent visit of the Saudi delegation to Gwadar, the Chairman of Gwadar Port Authority, Dostain Khan Jamaldini, on Wednesday gave a briefing about the current developments including the port, progress on China-Pakistan Economic Corridor (CPEC) and Gwadar Master Plan.


Pakistan’s KP province to sterilize stray dogs, say officials

Updated 15 November 2019

Pakistan’s KP province to sterilize stray dogs, say officials

  • The provincial administration previously killed these animals, but the practice was banned by a court that called it inhumane
  • The overall project to deal with stray dogs may cost about Rs50 million

PESHAWAR: Following a volley of citizen complaints, the Water and Sanitation Services Peshawar (WSSP) in the country’s northwestern Khyber Pakhtunkhwa province has decided to start sterilizing thousands of stray dogs to cease their reproduction soon after the completion of the first-ever census of these animals by next week, an official said on Friday.
“Backed by thousands of staff, a comprehensive survey of stray dogs in Peshawar will be completed by coming Monday which will then set the sterilization process of these canines in motion,” Hassan Ai, media manager at the WSSP, told Arab News.
He added the provincial government previously killed stray dogs but a court verdict banned the practice, calling it inhumane.
After a series of meetings and deliberations, the WSSP, in coordination with other departments, reached a sterilization mechanism which would prevent dogs from breeding further and reduce the danger of them biting the general public.
Dr. Syed Masoom Ali, district director of the Livestock Department, told Arab News his team would carry out the sterilization and vaccination process for stray dogs.
“The male dogs will be surgically neutered while the female dogs will undergo spaying surgeries. The dogs will be tagged with microchips and a ribbon will also be tied to their collars to identify them after vaccination and sterilization,” he added.
Dr. Ali said a spacious location had been identified outside the city where these stray dogs would be kept for four days after necessary medical formalities.
The WSSP surged to action after it received an overwhelming number of citizen complaints through an app, Safa Pekhawar (Clean Peshawar), regarding stray dogs in the city.
Depending on the success of the drive, the provincial government could think about extending the program to other big cities of the province as well, said the WSSP media manager.
The vaccination of one dog, he said, would cost Rs2500. The vaccinated animals, he continued, would be kept in a solitary place for 15 days, adding that a rough estimate suggested that the project would cost Rs50 million.
“It is premature to say about the number of stray dogs in Peshawar city, but a ballpark estimate suggests it has surged to 15000,” Hassan Ali said.