The Federal Minister for Information, Attaullah Tarar, announced on Friday that Qatar is set to invest $3 billion in various sectors of Pakistan. This follows Prime Minister Shehbaz Sharif’s recent successful two-day trip to Doha.
During a press conference in Islamabad, Tarar mentioned that Qatar had previously promised this investment. PM Shehbaz returned home after wrapping up his official visit to Qatar.
The minister highlighted the progress made during the visit, noting that Shehbaz had discussions with top Qatari leaders, including Emir Tamim bin Hamad Al Thani. They agreed to strengthen cooperation in areas such as investment, trade, and culture.
In addition, Tarar discussed another important meeting Shehbaz had in Saudi Arabia, where he met with Saudi Crown Prince Mohammed bin Salman, resulting in an increase in Saudi investment in Pakistan from $2.2 billion to $2.8 billion. This will significantly benefit the Pakistani economy, with funds allocated to sectors like minerals, energy, and IT.
Tarar also shared that the Qatari leadership honoured PM Shehbaz by hosting a special exhibition showcasing Pakistani art and culture. He emphasized that the new investments from Qatar and Saudi Arabia demonstrate effective foreign policy and are a crucial part of Shehbaz’s economic agenda, which aims to stabilize the economy amidst decreasing inflation and increasing investments.
