Qatar to invest $3 bln in Pakistan’s commercial, investment sectors

Follow-ups -eshrag News:

Wed, 2022-08-24 23:29

DOHA: The Qatar Investment Authority aims to invest $3 billion in Pakistan, the Qatari emir’s office 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, weakening rupee currency, and inflation that exceeded 24 percent in July.

Qatar’s Emir Sheikh Tamim bin Hamad meets Pakistan Prime Minister Shahbaz Sharif upon his arrival in Doha on Aug. 24, 2022. (AFP/Qatar Amiri Diwan)
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Business & Economy

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