- PM seeks investment in Qatar in Energy and Aviation Sectors of Pakistan.
- Sources say PM is expected to offer Qatar shares in state enterprises.
- Prime Minister Shahbaz also It is expected to provide the ability to manage Pakistan’s airports.
DOHA: Prime Minister Shehbaz Sharif on Tuesday requested investment from Qatar in Pakistan’s energy and aviation sectors as country looks to revive its swing economy.
According to the Prime Minister’s Office, the Prime Minister held a meeting with Qatar Investment Authority in Doha. it should note that he is visiting Qatar in hope of attraction trade and investment in Pakistan.
“There are huge opportunities for trade and investments in both countries”, he said, citing agriculture, renewable energy, information technology, tourism and hospitality as some of potential sectors.
He stressed that renewable energy projects need Attention.
Prime Minister Shahbaz’s visit to Qatar precedes International Monetary Fund (IMF) meeting next week, when the approval of the $1.2 billion tranche is expected. of lending that was suspended from the start of in year.
PM to suggest shares in state enterprises
Prime Minister office not give Details of his agenda, but two sources close to him said he had to propose to Qatar shares in state-owned enterprises, including loss-making Pakistan International Airlines and the Roosevelt Hotel in New York.
He was also It is expected to provide the ability to manage Pakistani airports and hopes to secure energy deals, aides say.
Pakistan, major importer of liquefied natural gas (LNG) from Qatar, also was hoping to find a deferred payment plan for LNG purchased under long-term deals.
Pakistan has two long term LNG deals with Qatar grant up up to nine shipments per month.
“We will definitely look for any objects of deferred payments on our LNG deals,” Sharif’s aide said. Reutersadding that the country was also looking for support for their foreign exchange reserves in accordance with of 2 billion dollars.
Cabinet on Monday also approved the draft agreement, allows in government provide troops for safety at the World Cup in Qatar is year.
