The Qatar Investment Authority (QIA) has announced it aims to spend $3bn on various commercial and investment sectors in Pakistan, which is currently facing a dire economic crisis, according to a statement released by Qatar’s Amiri Diwan. Wednesday’s announcement was made during a visit to Doha by Pakistani Prime Minister Shehbaz Sharif, who held official talks with Qatari Emir Sheikh Tamim bin Hamad Al Thani after a meeting with the QIA on Tuesday. “His Highness stressed the importance of the brotherly and strategic relations between the two countries and their aspiration to enhance economic partnership by raising trade exchange and promoting investments through the Qatar Investment Authority,” the Amiri Diwan said in its statement.
A senior Pakistani minister who was present during the meeting confirmed to Al Jazeera that the Qatari government has shown its “intention of investing in Pakistan”.
“This is very good and more than what we needed,” he said. The minister further added that once the Qataris buy Pakistani assets, it will “boost our reserves”.
“They are interested in airports, seaport terminals, LNG-fired power plants, solar energy, [and] shares in the stock markets,” he said…
Source: aljazeera.com























