Qatar pledges to invest $3bn in Pakistan, says Tarar
Pakistan
The pledge was made during recent visit of PM Shehbaz Sharif to Qatar
ISLAMABAD (Dunya News) – Minister for Information and Broadcasting Attaullah Tarar says Qatar has pledged to invest $3 billion in Pakistan.
He revealed it while briefing media about Prime Minister Shehbaz Sharif’s recent visit to Saudi Arabia and Qatar.
The minister said Qatar and Pakistan had agreed to enhance cooperation in diverse sectors, including trade, investment, culture and economy. He said that the investment of $3 billion will further boost the national economy.
Tarar said an exhibition about Pakistani art and architecture was held during prime minister's visit to Doha, which is a significant development in Pakistan-Qatar relationship.
He said the premier thanked Emir of Qatar Sheikh Tamim bin Hamad Al Thani for his cooperation and support for Pakistan.
He congratulated the whole nation on the foreign policy and economic achievements made by Pakistan under the leadership of the prime minister who charted the country on path of economic progress.
Read also: Pakistan, Qatar reaffirm commitment to deepen strategic ties
Regarding PM Shehbaz's visit to Saudi Arabia, he said fruitful meetings were held with the Saudi leadership, including Crown Prince Mohammed bin Salman.
The minister recalled signing of 27 Memoranda of Understanding (MoUs) during the successful visit of a high-level Saudi delegation, led by Minister for Investment Sheikh Khalid Bin Abdul Aziz Al Faleh, a few weeks ago which included fruitful government-to-government and business-to-business meetings.
“In a follow-up of that visit, the prime minister has had very productive meetings in Saudi Arabia on the sidelines of the eighth session of the Future Investment Initiative (FII) in Riyadh,” Tarar noted.
He said during the meeting, both sides reiterated to further strengthen the bilateral relations and enhance trade and investment in Pakistan.
Both countries have longstanding people-to-people relations which spanned over decades, he said lauding the hospitality extended by Saudi Arabia to the pilgrims from Pakistan during Umrah and Hajj.
He said the prime minister had thanked Saudi Arabia for hosting Pakistanis for Hajj and its crucial role for Pakistan’s deal with the International Monetary Fund (IMF).
He said Saudi investments to Pakistan have increased from $2.2 billion to $2.8 billion and this rise of $600 million demonstrated growing relationship between the two brotherly countries.
Attaullah Tarar said the prime minister, during his visit, also condemned the continued Israeli oppression against the unarmed Palestinians.
