Qatar to invest $3 billion in Pakistan: state news agency

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Qatar is making $3 billion dollars worth of new investments in Pakistan, in the form of deposits and direct investments the state news agencies said on Monday.

Following this venture, the monetary organization among Qatar and Pakistan will reach $9 billion, Qatar News Agency revealed, citing Qatar’s foreign minister Sheik Mohammed bin Abdulrahman Al Thani.

“The Qatari-Pakistani monetary association will add up to $9 billion. Qatar certifies its yearning for further improvement in the relations between the two nations at all political, financial, sports and social dimensions,” said the FM.

The leader’s adviser on finance, Dr Abdul Hafeez Shaikh, expressed gratitude toward the Emir for “reporting $3 billion in stores and direct ventures for Pakistan and for Qatar’s confirmation to further create relations between the two nations.”

The declaration comes a day after Qatar Emir Sheik Tamim canister Hamad Al Thani wrapped up his visit to Pakistan during which he held a one-on-one gathering with Prime Minister Imran Khan. Assignment level talks were additionally held between the different sides.

On Saturday, following the Emir’s entry, Pakistan and Qatar marked three memoranda of comprehension (MoUs) on exchange and venture and participation on financial intelligence and the tourism.

The signing of the MoUs was seen by Prime Minister Imran and Qatari Emir Sheik Tamim.

The MoUs identified with the foundation of the Pakistan and Qatar Joint Working Group on Trade and Investment, participation in the field of the travel industry and business occasions and collaboration in the trading of monetary knowledge identified with illegal tax avoidance — related offenses and terrorism financing. The last MoU was marked between Qatar’s Fina­ncial Information Unit and Pakis­tan’s Financial Monitoring Unit.

Pledge to work for Regional Peace

On Sunday, President Dr Arif Alvi and Emir Sheik Tamim held wide-extending talks, especially the Afghan issue.

Alvi commended Qatar’s job in advancing endeavors for harmony and compromise in Afghanistan, which was a prominent commitment to local harmony.

While saying thanks to the legislature and authority of Pakistan for the thoughtful welcome and friendliness stretched out to him and his escort during his two-day visit, the Qatari emir recognized the penances made by Pakistan in the battle against psychological warfare.

Observing the advancement accomplished in Afghan harmony talks, the two chiefs consented to keep working intently for regional peace and dependability.

President Alvi presented Nishan-I-Pakistan upon Sheik Tamim at a unique investiture ceremony.

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