Qatar to invest $22 bln in various sectors in Pakistan

ISLAMABAD: Qatar is expected to announce big investment in Pakistan during the visit of Emir Sheikh Tamim bin Hamad Al-Thani’s visit of Pakistan on June 23 (Sunday), ARY News reported on Tuesday.

Qatar is expected to announce an investment of $22 billion in various sectors of Pakistan’s economy.

Qatari ruler will arrive Pakistan with top officials of the country. He will hold talks with Pakistani leadership during his stay in the country.

The investment from the Gulf state would have positive impact over the economy of Pakistan, economists said.

Prime Minister Imran Khan in a social media post announced that Qatar will invest $22 billion in different sectors of Pakistan.

“This comes as a second major investment in the country after the Kingdom of Saudi Arabia had announced to invest $21 billion in Pakistan in three phases under its investment plan,” the official Instagram post of the account added.

The Kingdom of Saudi Arabia had earlier announced to invest $21 billion in Pakistan in three phases under its investment plan.

Prime Minister Imran Khan had visited Qatar in January this year.

He had hoped that bilateral trade will further expand between the two countries in the coming years.