ISLAMABAD – Qatar is making $3 billion (£2.4 billion) worth of newinvestments in Pakistan, in the form of deposits and direct investments,according to the state news agency QNA.
Following this investment, the economic partnership between Qatar andPakistan will reach $9 billion, the agency reported, quoting Qatar’sforeign minister Sheikh Mohammed bin Abdulrahman al-Thani.
The announcement came after a visit by Qatar’s Emir to Pakistan. PrimeMinister Imran Khan’s government is seeking to stabilize an unstableeconomy with loans from Gulf countries and international donors.
Emir of the State of Qatar, Sheikh Tamim bin Hamad Al Thani, concluded histwo-day visit to Pakistan on Sunday.
Read Top Stories
Qatar follows Saudi Arabia and the United Arab Emirates pledging aidpackages for Pakistan. Riyadh has given a $3 billion loan to Pakistan,while the U.A.E. provided $1 billion. Pakistan and the IMF reached anagreement in May on a loan of about $6 billion designed to help the countryavert an economic crisis.
