Qatar Investment Authority aims to invest $3b. in Pakistan

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Qatar Investment Authority aims to invest $3b. in Pakistan
"The Qatar Investment Authority announced its aspiration to invest $3 billion in various commercial and investment sectors in the Islamic Republic of Pakistan," the Emiri Diwan said.
By REUTERS
Published: AUGUST 24, 2022

The Qatar Investment Authority (QIA) aims to invest $3 billion in Pakistan, Qatar's Emiri Diwan said on Wednesday, lending support to the South Asian nation's cash-strapped economy. Pakistan is in economic turmoil and faces a balance of payments crisis, with foreign reserves having dropped as low as $7.8 billion, barely enough for more than a month of imports. It is also contending with a widening current account deficit, depreciation of the rupee against the US dollar and inflation that hit more than 24% in July. "The Qatar Investment Authority announced its aspiration to invest $3 billion in various commercial and investment sectors in the Islamic Republic of Pakistan," the Emiri Diwan said, without giving details.

more............ https://www.jpost.com/middle-east/article-715487
 
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