Qatar’s Emiri Diwan Wednesday confirmed that the Qatar Investment Authority (QIA) aims to invest $3 billion in Pakistan lending support to the South Asian nation’s cash-strapped economy.
“The Qatar Investment Authority announced its aspiration to invest $3 billion in various commercial and investment sectors in the Islamic Republic of Pakistan,” Emiri Diwan said, without giving details.
The announcement was made during a visit to Doha by Prime Minister Shehbaz Sharif, who held official talks with Qatari Ameer Sheikh Tamim bin Hamad al-Thani on Wednesday after a meeting with the QIA on Tuesday.
“His Highness stressed the importance of the brotherly and strategic relations between the two countries and their aspiration to enhance economic partnership by raising trade exchange and promoting investments through the Qatar Investment Authority,” Emiri Diwan said.
Bloomberg reported that Qatar’s $445 billion sovereign wealth fund was currently assessing the strategic investments in the key economic sectors of the South Asian nation.
It added that people familiar with the matter said that the investments might be in Pakistan’s “main airports in Islamabad and Karachi, as well as in the renewable energy, power and hospitality sectors”.
