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PM Shehbaz Secures $3 Billion Investment Pledge from Qatar During Doha Visit
Prime Minister Shehbaz Sharif secured a $3 billion investment pledge from Qatar's business leaders to strengthen Pakistan's economy, focusing on energy, infrastructure, and technology sectors.
ND
by News Desk
2024-11-01
PM Shehbaz Secures $3 Billion Investment Pledge from Qatar During Doha Visit

During his official visit to Qatar, Prime Minister Shehbaz Sharif secured a $3 billion investment commitment from the Qatar Businessmen Association (QBA), further strengthening Pakistan's economic ties within the Gulf region. Following his successful trip to Saudi Arabia, where investment pledges worth $600 million were confirmed, the prime minister traveled to Doha at the invitation of the Qatari emir, Sheikh Tamim bin Hamad Al Thani, for a two-day official visit.

 

In a series of high-profile meetings, PM Shehbaz held discussions with Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani, and later met with QBA representatives led by Sheikh Faisal Bin Qassim Al Thani. The QBA delegation included prominent CEOs and industry leaders across influential Qatari sectors such as energy, finance, and technology. According to a statement from Pakistan's Press Information Department (PID), the meeting with the QBA focused on “deepening economic ties and exploring new avenues for collaboration.”

 

Prime Minister Shehbaz highlighted Pakistan as an attractive investment destination with abundant opportunities in energy, infrastructure, technology, and finance. The Qatari delegation responded positively, expressing keen interest in exploring Pakistan’s economic landscape, particularly in energy and infrastructure. The meeting also emphasized the shared vision for bilateral cooperation to boost regional stability and economic growth. Both sides discussed potential collaborations aimed at creating jobs, driving innovation, and fostering sustainable development.

 

The premier’s discussions also included cultural elements, as PM Shehbaz visited the 'Manzar' art gallery in Doha, showcasing the works of Pakistani artists and underscoring Pakistan’s rich cultural heritage.

 

Information Minister Attaullah Tarar, who accompanied the delegation, confirmed Qatar’s investment commitment, explaining that cooperation will be enhanced across several sectors, including energy, mining, and minerals. He announced that a Qatari delegation will soon visit Pakistan to explore further investment opportunities, aiming to advance projects that align with both nations' economic goals.

 

Top Pakistani officials were also present, including Deputy Prime Minister Ishaq Dar, Finance Minister Mohammad Aurangzeb, Defence Minister Khawaja Asif, Commerce Minister Jam Kamal Khan, and Information Minister Attaullah Tarar. As the prime minister departed Doha, he was seen off by Qatar's Minister of State for Reconciliation, Muhammed bin Abdulaziz Al-Khulaifi.

 

The significant investment commitment from Qatar comes at a crucial time for Pakistan’s economy, as it seeks to stabilize and stimulate growth amid ongoing economic challenges. The $3 billion pledge, coupled with Qatar’s interest in multiple sectors, is expected to bolster Pakistan’s economic resilience and pave the way for further foreign investments.
Tagged:

PakistanEconomy

BilateralRelations

EnergySector

PakQatarTies

QatarInvestment
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