According to Bloomberg, the Qatar Investment Authority (QIA) is considering investing up to $3 billion in significant areas of the Pakistani economy.
According to specifics, the country’s airports in Islamabad and Karachi will receive the biggest chunk of the investment. The industries of power and renewable energy as well as hospitality may draw substantial amounts of investment.
The $3 billion investment may conflict with the $2 billion in bilateral aid the Gulf nation has previously committed to.
Several ministers and the prime minister are currently in Qatar for a two-day formal visit. The Qatar Investment Authority (QIA), one of the biggest sovereign wealth funds in the world, sent a delegation to meet with the premier on Tuesday.
The Qatari government was asked to make investments in Pakistan’s energy, aviation, agriculture, livestock, maritime, tourist, and hospitality industries by the prime minister. He also urged Qatari investors to take advantage of the China-Pakistan Economic Corridor’s opportunities to advance regional connectivity and shared prosperity.
The prime minister promised that QIA would be fully facilitated through efficient and open procedures. In connection with the event, officials from the relevant ministries gave a number of presentations highlighting the potential for foreign investment in the areas of food security, energy, maritime, aviation, hospitality, and tourism.
The QIA delegation stated a strong desire to actively seek investment opportunities in Pakistan and their readiness to do so.