Pakistan gains foreign confidence as Qatar announces 3 billion USD package

Pakistan gains more foreign confidence as Qatar announces 3 billion USD package

Soon after the much-awaited visit of Emir of Qatar Sheikh Tamim Bin Hamad Al Thani, the country has announced a massive package of 3 billion USD in reserves and direct investments.

Qatari news agency tweeted the comments of the Qatari foreign minister on the development as, “The Qatari-Pakistani economic partnership will amount to $9 billion. Qatar affirms its aspiration for further development in the relations between the two countries at all political, economic, sports and cultural levels.”

The current announcement is the fourth consecutive attempt by the fellow countries to bail out the Pakistani economy and it also shows a much-increased level of confidence and trust in the current government led by Prime Minister Imran Khan. Earlier this investment, China, Saudi Arabia, and the United Arab Emirates also proved their friendly relations with Pakistan and announced gigantic investments and commercial loans.

Finance Adviser Abdul Hafeez Sheikh also took Twitter to thank Qatar for their support and tweeted as, “Want to thank the Emir of Qatar HRH Sheikh Tamim Bin Hamad Al Thani for announcing US $3 Billion in #deposits and direct #investments for #Pakistan and for #Qatar’s affirmation to further develop relations between the two countries”

Emir Qatar brings economic incentives in his two-day visit to Pakistan

Qatar has also lifted the ban on rice imports from Pakistan which will help local exporters to expand their business. In consideration, Pakistan has also announced to provide on arrival visa facility for Qatari nationals to support the local tourism.

Special Assistant to PM on Information and Broadcasting Dr. Fairdous Ashiq Awan also showed his gratitude to His Highness and acknowledged the efforts to bring the two countries closer. She added that this visit is evident that Pakistan is full of business opportunities and the world is looking forward towards us. She also mentioned the restoration of the ‘Family State’ status for Pakistan by the United Nations, as a positive sign for the country.

I am an accountant with over 3 years of experience in the field of Accounts and Finance. I contribute to e-Syndicate as Researcher and News Writer. I write about Finance, Business, Local Pakistani News and International Finance.