- The two sides agree to enhance cooperation in multiple sectors:
- “Qatar honors the Prime Minister by organizing a special exhibition in Pakistan”
- The Minister refers to a development milestone in the Prime Minister’s economic agenda.
Pakistani Information Minister Ataullah Tarar said on Friday that Qatar will invest three billion dollars in various sectors in Pakistan, including trade, investment, culture and others, after a successful visit by Prime Minister Shehbaz Sharif.
Tarar said during a press conference in Islamabad today that Qatar had previously pledged to invest $3 billion in Pakistan.
This announcement came after Prime Minister Shehbaz returned to the country after concluding his two-day official visit to Doha.
During the press conference, the Minister of Information referred to Prime Minister Shahbaz’s recent visit to the Kingdom of Saudi Arabia, where he met with Saudi Crown Prince Mohammed bin Salman and Investment Minister Sheikh Khalid bin Abdulaziz Al-Falih.
He pointed out that Saudi Arabia increased its investments from $2.2 billion to $2.8 billion after signing 34 memorandums of understanding, adding that the additional investment of $600 million will have a positive impact on the national economy.
The minister said that Saudi investment will be made in various fields, including minerals, energy, agriculture, livestock, information technology, human resources and skills development.
He added that significant progress was also achieved in terms of bilateral relations between Pakistan and Qatar during the Prime Minister’s visit where he was given a friendly and warm welcome by senior leaders in Doha.
“Prime Minister Shahbaz met with the Emir of Qatar Tamim bin Hamad Al Thani, his counterpart Mohammed bin Abdul Rahman bin Jassim Al Thani, and business delegations there. They agreed to enhance cooperation in multiple sectors, including investment, trade, culture and others.”
During his visit, Prime Minister Shehbaz also met with a delegation of the Qatari Businessmen Association, where he highlighted the many opportunities available in the energy, infrastructure and finance sectors in Pakistan, making the country an attractive investment destination.
The Qatari Businessmen Association delegation, headed by Sheikh Faisal bin Qassim Al Thani, included leading Qatari business figures, each of whom represents influential sectors in the Qatari economy.
He added that the Qatari leadership honored the Prime Minister by hosting a special art and architectural exhibition for Pakistan – referring to the “Minzar” exhibition in Doha, which was opened by Prime Minister Shahbaz and Sheikha Al-Mayassa bint Hamad bin Khalifa Al Thani at the National Museum. Qatar and organized by the Mill Art Museum.
The exhibition offers a rich exploration of Pakistan’s evolving artistic journey from the 1940s to today, and reflects the deep cultural ties between the two countries.
Tarar said that these moves show a gesture of good faith on the part of the Qatari leadership towards Pakistan.
The minister described this development as a result of an effective foreign policy and a milestone in Prime Minister Shahbaz’s economic agenda.
Tarar said foreign investment will help the government achieve economic stability, which is gradually improving with inflation falling to 6.9%, record remittances, low interest rates, and an upward trend in investments.