Emir of Qatar Sheikh Tamim bin Hamad Al Thani & PM Shehbaz Sharif are meeting in Doha Qatar Investment Authority announced big vestments In Pakistan
Qatar Investment Authority announced an investment of 03 billion dollars in Pakistan
Qatar Investment Authority QIA plans to invest $3 billion in Pakistan which will help revive the cash strapped Pakistani economy.
According to Bloomberg international broadcasting organization Qatar Investment Authority is considering investing 3 billion dollars in Pakistan.
Apart from this huge investment is expected by Qatar Investment Authority in Islamabad and Karachi Airports
 |
| Qatar Investment Authority announced in Pakistan 03 billion dollars |
Doha Qatar :According to the details major part of the investment will be spent on important sectors of the Pakistani economy.
These sectors include renewable energy & power sector apart from the hotel industry.
Prime Minister of Pakistan is on a 2 day official visit to Qatar. Yesterday he along with his ministers met the officials of Qatar Investment Authority. In meeting he invited KIA to invest in various sectors of Pakistan and also assured to provide complete facilitation with due diligence & transparency.
Qatar Investment Authority expressed keen interest in investing in various sectors of Pakistan.
Emiri Diwan of Qatar made this announcement on Wednesday on the occasion of Prime Minister Mian Shahbaz Sharif visit to Qatar. Currently Pakistan is suffering from an economic crisis & is facing a balance of payments crisis foreign reserves have decreased to 7.8 billion dollars. . These are barely enough for more than a mont worth of imports. The government is also grappling with a widening current account deficit depreciation of the rupee against United State US dollar & inflation of more than 24 percent in July.
Amiri Dewan without giving details said that Qatar Investment Authority announced its desire to invest 03 billion dollars in various sectors of trade & investment in Islamic Republic of Pakistan.
Prime Minister Shehbaz Sharif held an official meeting with Qatari Emir Sheikh Tamim bin Hamad Al Thani on Wednesday. The Amiri Diwan said that Sheikh Tamim emphasized the importance of fraternal and strategic relations between the two countries and economic partnership by promoting bilateral trade and investment through the Qatar Investment Authority.desire to increase has-been expressed.
Prime Minister Shehbaz Sharif is visiting Qatar next week before the meeting of International Monetary Fund. It is expected to approve the financial support of more than 1 billion dollars which has-been stalled since the beginning of this year.
Prime Minister Shehbaz Sharif on Tuesday invited Qatar $450 billion sovereign wealth fund KIA to invest in Pakistan energy & aviation sectors.
He had said that he would discuss promotion of bilateral relations in various sectors including renewable food Energy security industry & infrastructure development tourism and hospitality in talks with Qatari leadership.
Sources close to prime minister Shehbaz sharif have said that he is expected to offer investment & stake sales to Qatar in state owned enterprises including the loss making national carrier Pakistan International Airlines & the Roosevelt Hotel in New York.
Qatar plans to invest 03 billion dollars in Pakistan
During the visit of Prime Minister of Pakistan Shehbaz Sharif to Doha Qatari government has announced that the Qatar Investment Authority plans to invest 3 billion $ dollars in Pakistan.
On the occasion of Prime Minister Mian Shehbaz Sharif's visit Qatar has indicated to invest 03 billion dollars in Pakistan a country suffering from a shortage of foreign exchange.
This was announced on Wednesday by House of Qatari government Al Diwan Emir in which it is said that the Qatar Investment Authority plans to invest 03 billion dollars in Pakistan.
Pakistan is currently suffering from an economic downturn & is facing a balance of payments crisis. country's foreign exchange reserves have dwindled to a mere $7.8 billion barely enough to cover more than a month's worth of imports.
Pakistan is also grappling with a widening current account deficit depreciation of the rupee against US $ dollar & inflation that hit a record high of over 24 percent in July.
According to News Agancy in a statement issued by Al Diwan Emiri without giving further details of the investment it is said that Qatar Investment Authority reiterated its desire to invest 03 billion dollars in various sectors of trade & investment in Islamic Republic of Pakistan Is.
Announcement was made during a visit to Doha by Pakistan PM Mian Shahbaz Sharif who held official talks with Emir of Qatar Sheikh Tamim bin Hamad Al Thani on Wednesday after meeting with the head of the Qatar Investment Authority on Tuesday.
Pakistani economic recovery may be slow : IMF
Al-Diwan Emiri further said in the statement that the honored guest emphasized importance of fraternal and strategic relations between 2 countries & the desire to increase trade exchanges & economic partnership by promoting investment in country through Qatar Investment Authority. emphasized.
PM visit to Qatar comes at a time when the International Monetary Fund IMF is meeting next week which is expected to approve more than 1 billion dollars in financing for Pakistan & this tranche from beginning of this year. is stopped
Prime Minister Mian Shehbaz Sharif on Tuesday invited Qatar Investment Authority a sovereign Qatari body worth $450 billion to invest in Pakistan's energy & aviation sectors. Shehbaz Sharif had said that he would invite investments in renewable energy food Security industrial & infrastructure development and tourism among other sectors.
Agreement Qatar and Pakistan Army for security of FIFA World Cup
Qatar Football World Cup 2022: Calendar of Football World Cup to be held in Qatar
Sources close to Shahbaz Sharif say that government entities including the loss making Pakistan International Airlines PIA and the shares it owns in United States America New York Roosevelt Hotel will be invited to sell to Qatar.
0 Comments