Qatar is looking to invest up to US$3billion across various sectors of Pakistan’s ailing economy.
The gas-rich Gulf state’s sovereign wealth fund is looking into the South Asian nation’s chief airports: Jinnah and Islamabad International, Bloomberg reported. The Arab state is also eyeing investments across Pakistan’s renewables, power and hospitality sectors.
Qatar had already finalised $2 billion in bilateral assistance for Pakistan. The aforementioned investments may overlap in part with the bilateral support pledged prior.
Prime Minister Shehbaz Sharif embarked on his maiden trip to Qatar from August 23 to August 24. The visit came on the invitation of Qatar Emir Tamim bin Hamad Al Thani. The prime minister will be accompanied by a delegation of federal cabinet members. During the visit, the two leaders will discuss all aspects of bilateral relations with a special focus on matters of energy-related cooperation, strengthening trade and commerce ties as well as expanding employment opportunities for Pakistanis in Qatar.