Islamabad: The ambassador of Qatar to Pakistan, Sheikh Saoud Abdulrahman Al-Thani, announced on Thursday (December 8) that Qatar will invest USD 3 billion in Pakistan, news sources reported.
The investment was agreed upon during Prime Minister Shahbaz Sharif’s recent visit to Doha and is reported to be managed by the Qatar Investment Authority (QIA). The investment is part of an effort to strengthen economic ties and increase trade between the two countries. In a statement issued by the Qatari Embassy, it was stated that the government of Qatar stresses the importance of relations between the two countries.
He also said that currently, Qatar is home to around 210,000 Pakistani workers who contribute a huge amount to Pakistan’s economy.
Sheikh Abdulrahman said Qatar’s global education foundation, Education Above All (EAA), had partnered with the Asia Development Bank to enrol 960,000 of Pakistan’s poorest out-of-school children in primary education over the next four years.
It is important to note that in February 2021, Qatar Petroleum entered into a new long-term sale and purchase agreement (SPA) with Pakistan State Oil (PSO) for the supply of up to three million metric tons per annum of liquefied natural gas (LNG) to Pakistan.
Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.
