Pakistan to get $3 billion from Qatar
The Qatar News Agency has reported the investments by citing its foreign minister.
ISLAMABAD (Dunya News) – Pakistan will be getting $3 billion in deposits and direct investments from Qatar that will boost forex reserves, reported Bloomberg.
According to details, the Qatar News Agency has reported the investments by citing its foreign minister.
It follows Saudi Arabia and the United Arab Emirates pledging aid packages for Pakistan. Riyadh has given a $3 billion loan to Pakistan whereas United Arab Emirates provided $1 billion.
The south Asian country and the International Moneary Fund (IMF) had reached an agreement in May on a loan of about $6 billion to overcome economic crisis.
Adviser to the Prime Minister of Pakistan on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh has also thanked the Emir of Qatar for showing support to 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
The adviser took to Twitter and wrote, “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.
