Saudis say crown prince doesn't intend to buy Man United

The rupee devaluation produces inflation and tighter interest rates continue to make the industrial output costlier.— AFP  File

Pakistan is closely allied with Saudi Arabia, but has tried to maintain a balancing act between Riyadh and Tehran.

A report claims that the Glazer family may be tempted to sell Manchester United as Saudi Crown Prince Mohammad bin Salman is willing to pay £3.8bn.

Farman Ali Khan died after heroically saving 14 lives during the 2009 Jeddah floods in Saudi Arabia.

He said that though Pakistan despite having massive tourism potential was not having that quantum of tourists but in a lighter vein said that Pakistan was ahead in mountain tourism than Saudi Arabia.

Earlier this week a suicide bomber killed 44 Indian paramilitary police in the disputed Kashmir region.

Many in the West blamed Prince Mohammed for the killing of the journalist Khashoggi in the Saudi consulate in Istanbul in October.

"We've been a brotherly and friendly country to Pakistan, and we've walked together in tough and good times, and we continue the same thing", Prince Mohammed Bin Salman said, reciprocating Khan's sentiments.

Managing the India-Pakistan minefield will test Prince Mohammed's diplomatic skills.

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The red carpet rolled out for Prince Mohammed, the first Saudi leader to visit Pakistan in 15 years, has surpassed all foreign state visits in the recent memory.

Pakistani Foreign Minister told Sputnik on Friday that he hopes Saudi crown prince's visit would bring more investments to the country. "It is big for phase one and definitely it (Saudi investment in Pakistan) will grow every month, every year in bigger numbers and it will be beneficial for both the countries", the crown prince said.

Saudi Arabia vowed to "de-escalate" rising tensions between Pakistan and India on Monday as crown prince Mohammed prepared to travel from Islamabad to New Delhi.

During the visit, Saudi Arabia and Pakistan are expected to sign a number of investment agreements, including for a $10-billion refinery and petrochemicals complex in the coastal city of Gwadar, the newspaper reported. "The people of Pakistan thank His Royal Highness for responding immediately to Prime Minister Imran Khan's request".

Pakistan enjoys close ties with Saudi Arabia.

But the United Nations human rights investigator leading the global inquiry into the murder of the Saudi journalist said earlier this month that evidence showed he was a victim of "a brutal and premeditated killing, planned and perpetrated by officials of the state of Saudi Arabia".

"I was honoured to meet the president of Pakistan".

India is garnering diplomatic support after the attack and has vowed to "isolate" Pakistan in the worldwide community, saying it has "incontrovertible evidence" of Islamabad's role.