Qatar is making $3 billion worth of new investments in Pakistan, in the form of deposits and direct investments, Qatar’s Ministry of Foreign Affairs said on Monday (June 25).
“Upon the directives of HH the Amir Sheikh Tamim bin Hamad Al-Thani, HE Deputy Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman Al-Thani announced new investments in the form of deposits and direct investments in the Islamic Republic of Pakistan worth a total of $3 billion,” the ministry said in a press release.
The investment “expresses the confidence of the State of Qatar in the strength of the Islamic Republic of Pakistan’s economy and the vision and good management of the current government headed by HE Pakistan’s Prime Minister Imran Khan”, Qatar’s foreign minister was quoted as saying.
Following this investment, the economic partnership between Qatar and Pakistan will reach $9 billion, the agency reported, quoting Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani.
“The size of the Qatari-Pakistani economic partnership will amount to $9 billion, and on this occasion, the State of Qatar affirms its aspiration for further development in the relations between the two countries and peoples at all political, economic, sports, cultural and other levels,” Qatar’s foreign minister said.
The PM’s Adviser on Finance Dr Adbul Hafeez Sheikh confirmed the news and expressed gratitude to the Emir of Qatar Sheikh Tamim bin Hamad Al Thani for announcing three billion dollars in deposits and direct investments for Pakistan.
Want to thank the Emir of Qatar HRH Sheikh Tamim Bin Hamad Al Thani for announcing US $3 Billion in #deposits and direct #investments for #Pakistan and for #Qatar’s affirmation to further develop relations between the two countries.— Dr. Abdul Hafeez Shaikh (@a_hafeezshaikh) June 24, 2019
Want to thank the Emir of Qatar HRH Sheikh Tamim Bin Hamad Al Thani for announcing US $3 Billion in #deposits and direct #investments for #Pakistan and for #Qatar’s affirmation to further develop relations between the two countries.
— Dr. Abdul Hafeez Shaikh (@a_hafeezshaikh) June 24, 2019
Saudi Arabia earlier provided Pakistan with a $3 billion loan and a similar amount every year in oil supply on deferred payments. The United Arab Emirates also announced a $3 billion loan package.
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22 July, 2019