Qatar announces $3 billion in deposits, direct investments to Pakistan

DOHA: Qatar announced that it would give $3 billion in the form of direct investments and deposits to Pakistan.

“Upon the directives of HH the Amir Sheikh Tamim bin Hamad Al-Thani, HE Deputy Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman Al-Thani announced new investments in the form of deposits and direct investments in the Islamic Republic of Pakistan worth a total of $3 billion,” a statement from the Qatari Foreign Affairs Ministry said.

In a statement to Qatar News Agency (QNA), Deputy Prime Minister and Minister of Foreign Affairs said that the Qatari support comes after Emir’s visit to Pakistan to underscore the deep relations between the two brotherly countries and peoples.

It also expressed the confidence of the State of Qatar in the strength of the Islamic Republic of Pakistan’s economy and the vision and good management of the current government headed by HE Pakistan’s Prime Minister Imran Khan.

He added that by announcing this new investment package on Monday, the size of the Qatari-Pakistani economic partnership will amount to $9 billion, and on this occasion, Qatar affirmed its aspiration for further development in the relations between the two countries and peoples at all political, economic, sports, cultural and other levels.