The Qatari wealth fund is planning to invest $3 billion in crucial sectors in Pakistan – including transport, renewable energy, and hospitality.
The Qatar Investment Authority (QIA), which has assets around $445 billion, is evaluating plans to invest in the South Asian country’s main airports in Islamabad and Karachi, unnamed sources told Bloomberg.
The acting governor of the State Bank of Pakistan earlier said the country is waiting to receive $2 billion from Qatar. Other countries in the Gulf, including the UAE and Saudi Arabia, have announced similar financial pledges to Pakistan in recent months.
Oil-rich Gulf nations are supporting Pakistan to help ease its funding crunch and the consequent risk of a default.
(With Bloomberg)
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