Qatar said it will make investments worth $3 billion in Pakistan following directives issued by HH the Amir Sheikh Tamim bin Hamad Al Thani.

The announcement comes after HH the Amir returns from a two-day official visit to Pakistan. 

During the visit, HH the Amir met with Pakistan's president Dr Arif Alvi as well as the Pakistani Prime Minister Imran Khan to review bilateral ties and underline means to consolidate Qatar-Pakistan relations through further cooperation.

The Pakistani President conferred Nishan-e-Pakistan on HH the Amir, as an expression of the long-standing strong relations shared by the two nations. 

A host of agreements were signed between Qatar and Pakistan as part of HH the Amir's visit. Some of the areas defined for collaboration included energy, trade, and tourism, among others.  

With the announcement of this investment, "The Qatari-Pakistani economic partnership will amount to $9 billion," His Excellency Qatar's Deputy Prime Minister and Minister of Foreign Affairs Sheikh Mohamed bin Abdulrahman Al Thani stated.

Deputy Prime Minister and Minister of Foreign Affairs: "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."

— Qatar News Agency (@QNAEnglish) June 24, 2019

He further said the investments reiterate Qatar's "aspiration for further development in the relations between the two countries at all political, economic, sports and cultural levels."

Prime Minister Imran Khan’s government is seeking to stabilize the Pakistani economy with loans from Gulf countries and international donors.

Last month, Pakistan reached an accord in principle with the International Monetary Fund for a three-year, $6 billion bailout package aimed at shoring up its fragile public finances and strengthening a slowing economy, Reuters said. 

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