Qatar set to invest USD 22 bn in Pakistan - Zameen News

Qatar set to invest USD 22 bn in Pakistan

June 18, 2019 • news

Islamabad: The government of Qatar plans to make investments worth USD 22 billion in different sectors (including energy and infrastructure) of Pakistan, a news source reported,

ReadQatar looking to invest in CPEC, Gwadar Port

Qatari Emir Sheikh Tamim bin Hamad Al-Thani will reportedly finalise agreements to this effect during his visit to Pakistan on June 23.

Minister for Railways Sheikh Rasheed recently confirmed news reports with regard to the visit of Sheikh Tamim and subsequent Qatari investments in Pakistan.

Previously, a Qatari delegation had expressed its interest to invest in the Naya Pakistan Housing Programme (NPHP). Under this initiative, the federal government plans to construct five million low-cost houses by 2023.

Qatar Investment Authority Deputy Chief Investment Office Sheikh Faisal Bin Thani Al-Thani had in April held a meeting with Adviser to the Prime Minister (PM) on Commerce Abdul Razak Dawood to discuss a possible collaboration on the NPHP project.

Read: Govt negotiates to buy cheaper LNG from Qatar

He said that Qatar was looking to forge a long-term partnership with Pakistan. He added that his government wanted to build a strategic relationship with Pakistan for the next 10-15 years.