Amir directs to support Pakistani economy with $3bn
June 24 2019 11:57 PM
His Highness the Amir Sheikh Tamim bin Hamad al-Thani
His Highness the Amir Sheikh Tamim bin Hamad al-Thani

QNA/Doha

Upon the directives of His Highness the Amir Sheikh Tamim bin Hamad al-Thani, HE the Deputy Prime Minister and Minister of Foreign Affairs Sheikh Mohamed bin Abdulrahman al-Thani has announced new investments in the form of deposits and direct investments in Pakistan worth a total of $3bn.
In a statement to Qatar News Agency (QNA), HE the Deputy Prime Minister and Minister of Foreign Affairs said that the Qatari support comes after the Amir's visit to Pakistan to underscore the deep relations between the two brotherly countries and peoples. It also expresses Qatar's confidence in the strength of Pakistan's economy and the vision and good management of the current government headed by Prime Minister Imran Khan, he noted.
The foreign minister added that by announcing this new investment package, the size of the Qatari-Pakistani economic partnership will go up to $9bn, and on this occasion, Qatar affirms its aspiration for further development in the relations between the two countries and peoples at all political, economic, sports, cultural and other levels.
A report from Islamabad adds: The memorandums of understanding (MoUs) signed by Pakistan and Qatar during the visit of His Highness the Amir Sheikh Tamim bin Hamad al-Thani to Islamabad will help boost trade and economic relations between the two countries, a senior Pakistani official has said.
Pakistan's Special Assistant to the Prime Minister on Information and Broadcasting, Dr Firdous Ashiq Awan said the two countries agreed to take steps to enhance bilateral co-operation in various fields.
The friendly ties between the two countries will strengthen their economic partnership, she added.
His Highness the Amir Sheikh Tamim bin Hamad al-Thani paid a two-day state visit to Pakistan on June 22-23.
During the visit, the Amir held wide-ranging talks with Prime Minister Imran Khan and President Dr Arif Alvi in Islamabad.
The two sides discussed aspects of enhancing relations in various fields, especially in economy, trade, investment, energy, tourism, education and other fields. They also exchanged views on regional and international developments.
The Amir and the Pakistan prime minister witnessed the signing of an MoU, between Qatar's Ministry of Commerce and Industry and Pakistan's Ministry of Commerce and Textile Industry, on the establishment of Qatari-Pakistani Joint Working Group on Trade and Investment, in addition to a MoU for cooperation in the fields of tourism and business activities.
The Amir and the prime minister also witnessed the signing of a memorandum of understanding for exchange of financial investigations related to money laundering and related issues. The MoU aims to enhance cooperation between the two bodies to effectively reduce and combat money laundering and terrorist financing.
In January this year, Imran Khan visited Qatar and held talks with His Highness the Amir Sheikh Tamim bin Hamad al-Thani.



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