Pakistan's Gwadar loses luster as Saudis shift $10bn deal to Karachi

Infrastructure gaps behind Riyadh's decision to move oil refinery to more developed area

ADNAN AAMIR, Contributing writer

KARACHI -- Saudi Arabia has decided to shift a proposed $10 billion oil refinery to Karachi from Gwadar, the center stage of the Belt and Road Initiative in Pakistan, further supporting the impression that the port city is losing its importance as a mega-investment hub.

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