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Qatar Investment Authority announces $3 billion investment in Pakistan during visit of PM Shehbaz

The Qatar Investment Authority (QIA) aims to invest $3 billion in Pakistan to promote bilateral economic ties between Qatar and Pakistan.

“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.

The QIA announced this during Prime Minister Shehbaz Sharif’s second day of 2-day visit to Qatar on Wednesday. Shehbaz Sharif held talks with Qatari Ameer Sheikh Tamim bin Hamad al-Thani on Wednesday after a meeting with the QIA officials 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.

Meanwhile, 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”.

Javed Mahmood
Written By

I am an experienced writer, analyst, and author. My exposure in English journalism spans more than 28 years. In the past, I have been working with daily The Muslim (Lahore Bureau), daily Business Recorder (Lahore/Islamabad Bureaus), Daily Times, Islamabad, daily The Nation (Lahore and Karachi). With daily The Nation, I have served as Resident Editor, Karachi. Since 2009, I have been working as a Freelance Writer/Editor for American organizations.

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