Qatar aims to invest $3 billion in Pakistan

Qatar aims to invest $3 billion in Pakistan

Islamabad: Pakistani Prime Minister Shehbaz Sharif invited Qatari investors to explore the opportunities in the China-Pakistan Economic Corridor (CPEC) aimed at promoting regional connectivity and mutual prosperity. During his interaction with Qatari officials, he also invited Qatar to invest in Pakistan’s energy, aviation, agriculture and livestock, maritime, tourism and hospitality sectors. On Wednesday, Qatar’s sovereign wealth fund said it plans to invest $3 billion in key sectors of Pakistan’s economy to extend support to Pakistan. “The Qatar Investment Authority (QIA) announced its aspiration to invest $3 billion in various commercial and investment sectors in the Islamic Republic of Pakistan,” the Emiri Diwan said. The announcement was made during a two-day official visit to Doha by Pakistan Prime Minister Shehbaz Sharif, who held talks with Qatari Emir Sheikh Tamim bin Hamad Al Thani on Wednesday after a meeting with the QIA. Ahead of the prime minister’s official visit to Doha, Pakistan’s state bank said that the country has successfully secured $4 billion in funds from friendly countries including Qatar, Saudi Arabia, and UAE, which would help ease the country’s financial crisis and help revive the $6 billion stalled International Monetary Fund (IMF) programme. The funds are expected over twelve months. During