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Qatar Funding Authority plans to speculate $3 bln in Pakistan

Prime Minister Shehbaz Sharif and Ameer of Qatar Sheikh Tamim Bin Hamad Al Thani
The Qatar Funding Authority (QIA) goals to speculate $3 billion in Pakistan, Qatar’s Emiri Diwan stated on Wednesday, lending assist to the cash-strapped financial system.

“The Qatar Funding Authority introduced its aspiration to speculate $3bn in varied industrial and funding sectors within the Islamic Republic of Pakistan,” the Emiri Diwan stated, with out giving particulars.

The announcement was made throughout a go to to Doha by Prime Minister Shehbaz Sharif, who held official talks with Qatari Emir Sheikh Tamim bin Hamad al-Thani on Wednesday after a gathering with the QIA on Tuesday.

“His Highness confused the significance of the brotherly and strategic relations between the 2 nations and their aspiration to boost financial partnership by elevating commerce change and selling investments by the Qatar Funding Authority,” the Emiri Diwan stated.

The prime minister’s go to to Qatar precedes an Worldwide Financial Fund assembly subsequent week that’s anticipated to approve greater than $1bn in financing that has been stalled for the reason that starting of the 12 months.

PM Shehbaz on Tuesday invited QIA, Qatar’s $450bn sovereign wealth fund, to put money into Pakistan’s power and aviation sectors.

He had beforehand stated he would spotlight sectors together with renewable power, meals safety, industrial and infrastructure improvement, tourism and hospitality.