- Qatar Fund considers investment in Pakistan key branches of the economy.
- Gulf State for Investment in the country’s airports and the hotel sector.
- Prime Minister Shahbaz in Qatar ahead of executive director of the IMF board meeting.
Emiri Diwan of Qatar confirmed on Wednesday that the Qatar Investment Authority (QIA) intends to invest $3 billion. in lending to Pakistan support to the people of south asia cashfastened economy.
“Qatar Investment Authority announced desire to invest $3 billion. in various commercial and investment sectors in Islamic Republic of Pakistan,” Emiri Divan said, without going into details.
announcement was made during a visit to Doha by Prime Minister Shehbaz Sharif, who held official negotiation with Qatari Amir Sheikh Tamim bin Hamad al-Thani on Wednesday after meeting with QIA on Tuesday.
“His Highness stressed the importance of fraternal and strategic relationship between the two countries and their desire to strengthen economic partnerships by increasing trade exchange and promotion of investments through the Qatar Investment Authority,” said Emiri Divan.
Bloomberg it was reported that Qatar’s $445 billion sovereign wealth fund was currently evaluation of strategic investments in in key branches of the economy of nation of South Asia.
it added what people habitual with the case stated that investments could be in Pakistan”main airports in Islamabad and Karachi, as well as in renewable energy, power and hotel business.
edition with reference to official, added that QIA investments may overlap with in $2 billion in bilateral support Qatar has already planned for Pakistan.
“The fund may run out up investment more or less than $3 billion, depending on on in asset assessments and opportunities, people said without dividing the time frame.
Qatar support comes when Pakistan is desperately striving for shore up its foreign exchange reserves and avoid default. The country’s currency is constantly losing ground against in dollar and inflation is constant on in rise.
Premier Shehbaz offers shares in GP
The day before, sources said Reuters that Prime Minister Shehbaz Sharif, who is currently visiting Qatar was expected to offer Qatar shares in state-owned enterprises (SOEs), 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.
In addition, Pakistan, a 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.
Meanwhile, during a meeting held with Amir of Qatar, both countries agreed to develop cooperation in different sectors. During the meeting, issues related to bilateral and mutual interests were discussed. also discussed.
Prime Minister Shahbaz in Qatar ahead of Executive Director of the International Monetary Fund (IMF) board meeting – scheduled place on August 29 in Washington for considering Pakistan’s request for revival of the frozen credit program.
The Fund approached Pakistan to fill a $4 billion funding gap and Pakistan was able to provide friendly assistance. countries — Saudi Arabia, UAE and Qatar — in help satisfy the requirement.
Saudi Arabia will provide $1 billion in oil financing of the South Asian nation and the UAE will give similar amount to the country.
