The Qatar Investment Authority (QIA) plans to invest $3 billion in Pakistan. During Prime Minister Shahbaz Sharif’s visit to Doha, the idea was announced. PM Shahbaz spoke with Qatari Ameer Sheikh Tamim bin Hamad al-Thani after meeting with the QIA during his official visit.
The Qatari Ameer emphasized the “importance of the fraternal and strategic connections” between Qatar and Pakistan in a statement issued by Emiri Diwan. The countries’ desire to “improve economic partnership through raising trade interchange and promoting investments” was also emphasized, with QIA’s assistance. For details visit
The article continued by stating that analysts believe these investments might be made at the “major airports in Islamabad and Karachi, as well as in the renewable energy, power, and hotel sectors” of the South Asian nation.
The financing from the gulf country arrives just as Pakistan is in severe need of it to avoid default and increase its foreign reserves. Pakistan’s currency is currently depreciating against the dollar as inflation soars unabatedly, and foreign reserves have fallen as low as $7.8 billion, just enough to cover a month’s worth of imports.
PM Shehbaz to offer shares in SOEs
The Qatari government was anticipating receiving shares in state-owned firms (SOEs), such as the struggling Pakistan International Airlines and the Roosevelt Hotel in New York, from Prime Minister Shehbaz Sharif, who is presently in Qatar.
In addition, Pakistan, a significant importer of LNG from Qatar, wanted to request a deferred payment arrangement for the LNG purchased under long-term contracts.
Meanwhile, both nations decided to advance cooperation in many sectors during a meeting with Ameer of Qatar. Issues involving bilateral and shared interests were also covered during the meeting.
Lastly, for more news visit KhaleejAffairs
