INP-WealthPk

Investment by Qatar in various sectors to energise Pakistan’s economy

October 07, 2022

Qatar has shown interest in making an investment in Pakistan’s key sectors to strengthen bilateral trade and economic relations, WealthPK reports.

According to details, Qatar wants to invest in the energy, trade and business sectors of Pakistan. The investment will not only strengthen the economy of Pakistan but will also cement ties between the two countries.

In his meeting with Minister for Finance Ishaq Dar in Islamabad, Ambassador of Qatar to Pakistan Sheikh Saoud bin Abdulrahman bin Faisal Al-Thani showed his country’s interest in making an investment in different sectors.

The finance minister of Pakistan assured the ambassador of his full support and cooperation regarding the investment and extended best wishes to the people and leadership of the State of Qatar.

Highlighting the cordial relations between the two countries, the minister stated that the government was introducing various reforms to support investors and facilitate the flow of capital to Pakistan.

He also informed the Qatari ambassador and members of his team about the wide range of investment opportunities in different sectors of Pakistan. He also welcomed the Qatar Investment Authority’s intention to invest $3 billion in various sectors of the country.

The Qatari ambassador congratulated Ishaq Dar on becoming minister for finance and reciprocated his warmth and welcome.

Recently, an Omani investment financing company, Anvwar Asian Investments, has offered to invest $2.3 billion in Pakistan Railways to connect Gwadar port city to the main line track of the country.

The railway line will connect Gwadar port with Jacobabad, covering a distance of 1,087 kilometres. With the establishment of the Gwadar-Jacobabad railway line, the port city will be connected to the main railway network of Pakistan, which will be highly beneficial for the country as well as the entire region.

Moreover, a delegation of Iranian businessmen has also shown a keen interest in making an investment in various sectors of Pakistan including oil and gas, mining, construction machinery and fertiliser manufacturing.

According to WealthPK research, various sectors of Pakistan including banking, insurance, tourism, information and communication technology, oil and gas, energy and agriculture offer huge opportunities to foreign investors. The Qatari government has made a huge investment in Pakistan’s agriculture, information and communication technology, insurance, real estate and financial sectors to benefit from the China-Pakistan Economic Corridor project.

Credit : Independent News Pakistan-WealthPk