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Qatar to invest $3 billion in Pakistan after PM Shehbaz visit: information minister

Federal Minister for Information and Broadcasting Attaullah Tarar addresses the press conference in Islamabad on November 1, 2024. — Screengrab via Geo News
Federal Minister for Information and Broadcasting Attaullah Tarar addresses the press conference in Islamabad on November 1, 2024. — Screengrab via Geo News
  • Both sides agree to strengthen cooperation in many areas: Tarar.
  • “Qatar Honors Prime Minister by Organizing Pakistan-Special Exhibition.”
  • The Minister defines the development as a milestone in the Prime Minister’s economic agenda.

Qatar will invest $3 billion in various sectors of Pakistan including trade, investment, culture and others after the successful visit of Prime Minister Shehbaz Sharif, Information Minister Ataullah Tarar said on Friday.

“Qatar had earlier committed to invest $3 billion in Pakistan,” Tarar said while addressing a press conference in Islamabad today.

The announcement came after Prime Minister Shehbaz returned to the country after completing his two-day official visit to Doha.

During the press, the Information Minister referred to Prime Minister Shehbaz’s recent visit to Saudi Arabia where he met Saudi Crown Prince Mohammed bin Salman and Minister of Investments Sheikh Khalid Bin Abdul Aziz Al Faleh.

Saudi Arabia increased investment from $2.2 billion to $2.8 billion after signing 34 memoranda of understanding (MoUs), he said, adding that the additional investment of $600 million will have a positive impact on the national economy.

Saudi Arabia’s investment will be in various sectors, including minerals, energy, agriculture, livestock, IT, human resources and skill development, the minister said.

Significant progress was also made in bilateral ties between Pakistan and Qatar during the Prime Minister’s visit where he was accorded a warm and cordial welcome by top leaders in Doha, he further said.

“Prime Minister Shehbaz had met with the Emir of Qatar Tamim bin Hamad Al Thani, his counterpart Mohammed bin Abdulrahman bin Jassim Al Thani and business delegations there. They agreed to strengthen cooperation in many areas including investment, trade, culture and others.”

During his visit, Prime Minister Shehbaz also met the Qatar Business Association (QBA) delegation where he highlighted many opportunities in Pakistan’s energy, infrastructure and finance sectors, presenting the country as an attractive investment destination.

A delegation of the Qatar Business Association led by Sheikh Faisal Bin Qasim Al-Thani calls on Prime Minister Shehbaz Sharif in Doha. — PID
A delegation of the Qatar Business Association led by Sheikh Faisal Bin Qasim Al-Thani calls on Prime Minister Shehbaz Sharif in Doha. — PID

The QBA delegation, led by Sheikh Faisal Bin Qassim Al-Thani, included leading Qatari business figures, each representing influential sectors of the Qatari economy.

He added that Qatar’s leadership honored the prime minister by hosting an art and architecture exhibition specifically for Pakistan — referring to the ‘MANZAR’ exhibition in Doha jointly inaugurated by Prime Minister Shehbaz and Sheikha Al Mayassa bint Hamad bin Khalifa Al Thani at the National Museum Qatar and organized by Art Mill Museum.

The exhibition offers a rich exploration of Pakistan’s evolving artistic journey from the 1940s to the present and reflects the deep cultural ties between the two countries.

Tarar said the moves showed a goodwill gesture by the Qatari leadership towards Pakistan.

Prime Minister Shehbaz Sharif walks away from Qatar's Minister of Reconciliation Muhammed bin Abdulaziz Al-Khulaifi at Doha International Airport on November 1, 2024. — PID
Prime Minister Shehbaz Sharif walks away from Qatar’s Minister of Reconciliation Muhammed bin Abdulaziz Al-Khulaifi at Doha International Airport on November 1, 2024. — PID

The minister termed the development as a result of effective foreign policy and a milestone in Prime Minister Shehbaz’s economic agenda.

Tarar said foreign investment will help the government’s economic stability, which is gradually improving with inflation falling to 6.9 percent, record remittances, interest rate cuts and an upward trend in investment.



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