Qatar Investment authority is likely to invest in many key projects in Pakistan with around 3 billion dollars. The statement was released after the meeting of Prime Minister Pakistan, Shehbaz Sharif, with Qatri Emir Sheikh Tamim bin Hamad-al-Thani in Doha.
It was said that the investment would be made in Pakistan’s various commercial and investment sectors. The investment from the Gulf States is hoped to help our country bridge the gap between inflow and outflow of dollars that is resulting in an ongoing payment crisis.
The Wire Service Reuters has said that Doha is showing interest in the management partnership of the airport and Roosevelt Hotel in Manhattan, New York, owned by PIA. It is stated that Pakistan has offered a 25 % stake in the hotel. It is pertinent to note here that the hotel was shut down in 2020 after a pandemic-related slump on an international level.
Premier of Pakistan has mentioned that Qatar Investment Authority has shown interest in investment in renewable energy, hospitality and tourism, among other sectors.
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