Daily Business Wrap - #CrownPrinceinPakistan: $20 billion investments announced - video Dailymotion

Crown Prince Mohammed bin Salman said his country plans to invest a whopping $20 billion in Pakistan as he began a swing through Asia.

Transcript

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.