Crown Prince Mohammed bin Salman said his country plans to invest a whopping $20 billion in Pakistan as he began a swing through Asia.
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00:00Hello and welcome to Gulf News Daily Business Wrap-Up.
00:04Saudi Arabia is planning to invest $20 billion in Pakistan.
00:07Both the countries have signed a memorandum of understanding in energy sector to agricultural
00:13sector.
00:14Saudi Arabia is also planning to invest into a project to build a refinery in the southern
00:19city of Gwadar.
00:20We are creating great future for Saudi Arabia and Pakistan.
00:23Crown Prince Mohammed bin Salman said at the start of the two-day tour to the country,
00:28remember that MBS, as it is called, will go to India, South Korea and China in the
00:34last leg of tour to Asia.
00:36The Indian rupee has gone from the best-performing currency in Asia to the worst because of rising
00:41crude prices and tensions over Kashmir.
00:44The Indian rupee has fallen about 2.4% since the end of December.
00:48The Indian currency fell to a low of 71.44 on Monday.
00:55Remember that crude prices have risen about 20% since the start of the year because of
01:01a fall in production from OPEC-plus countries.
01:04The UK parliament has released a scathing report on Facebook saying it intentionally
01:11breached privacy and other laws, calling it a digital gangster.
01:17The report calls for an independent investigation into all UK elections in the last five years
01:21After finding that Facebook was a key platform used by pro-Brexit campaigners in last year's
01:26ballot on whether Britain should leave the EU, Facebook has said that it's open to any
01:31kind of reasonable regulations.