Times of Islamabad

22 billion foreign investment to arrive in Pakistan from brotherly country

22 billion foreign investment to arrive in Pakistan from brotherly country

*ISLAMABAD: Qatar emir Sheikh Tamim bin Hamad Al-Thani has announced tovisit Pakistan on June 23 (Sunday).*

According to details, Qatar has also announced to invest $22billion indifferent sectors of Pakistan.[image: Embedded video]link

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قطر کا پاکستان میں ملکی تاریخ کی سب سے بڑی سرمایہ کاری کا فیصلہ, امیر قطر22 ارب ڈالر کی سرمایہ کاری کے لئے اتوار کو پاکستان پہنچیں گے!#Qatarlink #Pakistanlink161 link6:12 PM – Jun 17, 2019link

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Railway minister Sheikh Rasheed talking to media also confirmed the news ofQatar emir’s visit and investment in Pakistan.

He said that during the visit, Pakistan and Qatar will sign agreementsworth $22billion in different sectors.

Earlier, the Kingdom of Saudi Arabia had announced to invest 21blndollars in three phases, short-term, middle-term and long-term projects, inPakistan under its investment plan.

The investment on RLNG Plants, Aqua Power and the Saudi Fund for Pakistanwill be the first phase of the short-term projects. This short-terminvestment will come to Pakistan in a year or two and its volume will beseven billion dollars, according to the plan.

The second phase of mid-term investment will be completed within two tothree years. This investment to the tune of two billion dollars will coverpetro-chemicals, food and agriculture projects.

The volume of the third phase of long-term investment will be of 12 billiondollars. The Aramco refinery project and mineral development projects willbe implemented in this phase of the Saudi investment.