Emir of Qatar to visit Pakistan on June 23
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Emir of Qatar Sheikh Tamim bin Hamad Al-Thani will visit Pakistan on June 23, it was announced via Prime Minister Imran Khan's official Instagram account.
According to the post on Sunday night, Qatar has announced an investment worth $22 billion in various sectors of Pakistan.
This is the second major investment to come to Pakistan this year; earlier in February, Saudi Arabia had agreed to invest $21 billion in Pakistan in a three-phase investment plan.
In October last year, Prime Minister Imran invited invited Qatari investment in all sectors of Pakistan's economy, especially in agriculture, livestock, and energy.
He had expressed these views while talking to Sheikh Mohammad Bin Abdul Rahman Al Thani, deputy prime minister and minister for foreign affairs of the State of Qatar, who had called on him in Islamabad.
In January this year, Prime Minister Imran visited Qatar and besides meetings with the Qatari leadership, the prime minister also met the business and investment community of Qatar.
Before this visit, former finance minister Asad Umar and Foreign Minister Shah Mehmood Qureshi had already paid separate visits to Doha.
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Comments (49) Closed
Jun 18, 2019 10:58am
I hope that reaches the public via these sectors too...
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Jun 18, 2019 11:01am
Is this real or just like the Asian Development Bank's false announcement of 3 billion?
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Jun 18, 2019 11:07am
Great news. Pakistan is most important country in the world.
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Jun 18, 2019 11:10am
Where is $21 billion investment from Saudi Arabia? All premature announcements from PTI leadership, now from PM himself, looks like he hasn't learnt from ADB episode...
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Jun 18, 2019 11:11am
Just like the saudi investment!
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Jun 18, 2019 11:18am
If individual countries are investing 21-22 billion then why burden of taxes and price hikes. Why running around for $2 billion from imf.
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Jun 18, 2019 11:42am
Excellent! Get ready with loan papers before he arrive.
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Jun 18, 2019 11:51am
True or false? Is PMIK is sure this time?
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Jun 18, 2019 11:54am
Patience ! Mr. Prime Minster. A leader listens while the Masses speak ! .Let your work do the talking.
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Jun 18, 2019 11:55am
And Saudi Arabia is going to get offended and cancel its investment and recall its Forex support deposit.
Bad days ahead for Pakistan
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Jun 18, 2019 11:58am
Thank you Qatar. This would be a good time to share information on the Gasdeal done previously whether it was beneficial to Pakistan.
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Jun 18, 2019 12:04pm
Finally some good news.
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Jun 18, 2019 12:32pm
Most of these billion dollar pledges are MOUs and we should have learnt the real value of a MOU from the PCB.
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Jun 18, 2019 12:36pm
Investing means they take away the ownership of steal, coal plant etc.. and may start new businesses. They are looking for your workforce. Ultimately investor will win this match. They don't loot like China, but earn more by using your workforce and employment will increase in Pakistan.
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Jun 18, 2019 12:44pm
What happened to $ 66 Billion investment from Iron Brother?
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Jun 18, 2019 12:52pm
One has to see as to whether or not these different announcements of huge investments from different countries would materialise really.
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Jun 18, 2019 12:59pm
may be pakistan is selling land in secret. so UAE is going to cultivate crops and livestock from pakistan and can be exported back to the UAE with out any taxes other wise who would invest 22 Billion USD in these sectors?
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Jun 18, 2019 01:34pm
Great news. Give IK few years to clear the mess and than we will be on right track. Expect debris for at least a year to clear.
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Jun 18, 2019 01:44pm
Great! No more taxes fromthe public.
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Jun 18, 2019 01:49pm
22 Billion? I will take that with 22 grains of salt.
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Jun 18, 2019 01:50pm
If Qatar is investing 22 Bn then you bend so much in front of IMF? Doesn’t that sound fishy? Another carrot shown to poor Pakistanis.
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Jun 18, 2019 02:06pm
Qatar is a great country and friend of Pakistan.
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Jun 18, 2019 02:41pm
The businessman left the country in economic ruin and is in prison.
The cricketer has brought back the country from default and is attracting billions of dollars in investments.
We as people respect honest and dedicated people. The world does the same thing.
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Jun 18, 2019 02:57pm
This annoucement like like oil discovery and ADB 3 BILLION
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Jun 18, 2019 03:05pm
A remarkable feat for IK!
Never before has so much FDI come to Pakistan and no other previous government has garnered as much confidence and respect of foreign investors and Gulf partners than IK and PTI government.
Well done. This is only the beginning folks!. Wait till Europeans and Asian powers come calling.
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Jun 18, 2019 03:10pm
@Ash Man , You need to learn the difference between Investment and a Loan.
Investment does not happen overnight - especially at this scale - it requires feasibility studies, analysis, budgets, allocations, appropriations and rate of return considerations along with risk management.
It does not have to be a direct cash given to some to do as they like with it. It is managed by donor primarily and controls the cash flow.
A loan is a cash advance give to the recipient to pay down other debts or expenses and comes with terms of repayment and interest rate attached, with certain guarantees.
Two are mutually exclusive. An investment does not always have a fixed rate of return nor a fixed period for investment to be returned - as negotiated in such cases.
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Jun 18, 2019 03:16pm
@Aj, Under IK, it will reach the masses.
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Jun 18, 2019 03:16pm
@SAB, This is Qatar announcement.
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Jun 18, 2019 03:18pm
@Ash Man , Because of timing. These investments will bear fruit in 5 to 10 years but PPP and PML left nothing in the coffers but left huge debts, hence tax and price hikes to arrest the rot and down slide.
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Jun 18, 2019 03:18pm
@desi dimag, yes sure.
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Jun 18, 2019 03:35pm
Please no more false hopes. You have broken our spirit
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Jun 18, 2019 03:52pm
be very careful you are playing with fire pakistan such moves by PM Khan can cause great discomfort to overseas pakistanis in other GCC countries its time we should avoid such gestures in current situation,
Yes you need money but don't make stupid mistakes that will harm this nation.
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Jun 18, 2019 03:58pm
Qatar for all its prosperity has a $180 billion GDP and forex reserves worth $25 billion. And I don't think it would invest almost the entirety of its reserves in a sinking ship. Pakistani leaders need to first analyse why the tens of billions invested in it by China hasn't prevented it from going under.
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Jun 18, 2019 04:23pm
Kidnap him and get some ransom to pay off old loans or force him to give a new loan.
Don't wait for investments, we see how CPEC is going.
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Jun 18, 2019 04:25pm
$22 billions? Let's wait till Sunday
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Jun 18, 2019 04:34pm
@SAB, Please be patient. No 1 carries billions in their back pocket unless your name is AAZ or NS. These are mega projects.
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Jun 18, 2019 04:57pm
@Zak, No, its still a PTI announcement, which have not been truthful in the past.
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Jun 18, 2019 05:02pm
Great News for Pakistan, H.E. Emir of Qatar should be given maximum protocol by people of Pakistan and Pakistan Govt. He is a great ally of Pakistan and H.E. should visit many towns in Pakistan. Time has come when Pakistan should get more closer to the Arab Nation. Qatar Airways which is promoting Pakistan should be given more incentives to land in maximum airports in Pakistan
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Jun 18, 2019 05:06pm
During the visit of Emir of Qatar, Pakistan should agree with Qatar Airways to make a hub in Pakistan to promote tourism,
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Jun 18, 2019 05:52pm
Living on debits!!!!
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Jun 18, 2019 05:54pm
@EX777, Yes it is a good news, but I hope they are NOT going to ask release of Nawaz in return.
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Jun 18, 2019 06:48pm
Welcome welcome. don't forget to bring suitcases full of few billions $ for IK Gov to spend the next few years.
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Jun 18, 2019 07:49pm
@reddy, Qatar and UAE are two separate countries.
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Jun 18, 2019 10:31pm
Qatar should invest in oil & gas sector, housing and more importantly it should buy more Pakistani products.
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Jun 19, 2019 02:21am
@Ash Man , its a investment to create jobs not to pay off loans..keyword INVESTMENT
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Jun 19, 2019 02:25am
@reddy, maybe, could be, should be, add in a few ifs, and buts, you are so right not!!
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Jun 19, 2019 02:29am
@Murli , bend is that one of the recommendation that you have to fulfil to apply for a loan in india..How strange..
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Jun 19, 2019 02:32am
@WayToGo, what is debits???
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Jun 19, 2019 06:40am
@Pak_UK, - Very well said and agreed.
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