Qatar Plans $3b Investment for Pakistan

Upon the directives of Sheikh Tamim bin Hamad Al-Thani, Qatar’s Deputy Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman Al-Thani, some new investments in the form of deposits and direct investments in Pakistan worth a total of $3 billion were announced by Qatar.

In a statement to Qatar News Agency (QNA), the Deputy Prime Minister and Minister of Foreign Affairs said that the Qatari support comes to underscore the deep relations between the two countries and peoples.

Al-Thani added that by announcing this new investment package on Monday, the size of the Qatari-Pakistani economic partnership will amount to $9 billion, and on this occasion, the State of Qatar affirms its aspiration for further development in the relations between the two countries and peoples at all political, economic, sports, cultural and other levels.

Pakistan’s economy has been facing many problems for a long time. Recently, it got a bailout from the IMF and also monetary loan from the World Bank, apart from the investment and monetary help by countries like China.

24 / June 2019
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