- Saudi Arabia refuses to set up refinery in Pakistan
- Relations between Pakistan and Saudi Arabia are deteriorating continuously
- Even flattery of Imran Khan is not working
Saudi Arabia withdrew from another investment in Pakistan. Saudi Arabia was about to invest US$10 billion in a refinery and petrochemical project in Pakistan. Now recently the Saudi administration has informed Pakistan that it cannot proceed with this project. This decision of the Saudi government has come at a time when Pakistan is desperate for pie. Pakistani Prime Minister Imran Khan is appealing for financial help from all over the world.
Was promised to set up a refinery in 2019
Saudi Crown Prince Mohammed bin Salman visited Pakistan in the year 2019. During this he expressed his desire to set up Saudi Aramco Refinery at Gwadar Port in Pakistan. At the same time, the Saudi Crown Prince announced an investment of $100 billion in the petrochemical, mining and infrastructure sector in India. In late 2020, Riyadh confirmed that its investment plans in India were on track, while the Gwadar project was still under consideration.
Now Saudi said – will not set up refinery
Now in December 2021, Saudi Arabia has officially told the Pakistan government that the $10 billion project will not be implemented due to the global economic slowdown. Pakistan had termed this investment from Saudi Arabia as a big success for the China Pakistan Economic Corridor (CPEC). The $60 billion CPEC project itself is embroiled in controversy. This is the reason that China has stopped funding for many projects under this project for a long time.
Why relations deteriorated between Pakistan and Saudi?
According to the Asia Times report, Pakistan Muslim League-Nawaz senator and chairman of the Senate Defense Committee, Mushahid Hussain Syed, said that Saudi Arabia’s announcement of $10 billion investment for the refinery project was actually much more than a financial commitment. Was. The relationship between Pakistan and Turkey is being told behind this. In 2019, Pakistan had supported a Muslim summit organized by Malaysia while taking on the Saudi caliphate. Turkey also supported Pakistan and Malaysia in this.
Pakistan wants to be the leader of Islamic countries
Saudi Arabia, home to some of Islam’s holiest shrines, saw the incident as a threat to its hold on the Muslim world. After which Pakistan immediately withdrew from this summit of Malaysia. Despite this, Saudi Arabia ordered Pakistan to immediately return the debt of three billion dollars. Not only this, Saudi had also threatened to stop the supply of oil and gas to Pakistan on loan.
Saudi Arabia is upset with Pakistan’s foreign minister
Bilateral relations worsened in 2020 when Pakistan’s Foreign Minister Shah Mehmood Qureshi criticized Saudi Arabia during a TV interview. In fact, Saudi Arabia had demanded to convene a meeting of the Organization of Islamic countries against the removal of Article 370 from Kashmir, but Saudi Arabia did not show interest in it. This was the reason why Saudi Arabia became so angry that Pakistan Army Chief General Qamar Javed Bajwa and Imran Khan themselves had to go to Riyadh.
Prince Salman and Imran Khan