Tag: Qatari Emir

  • Qatar to invest $3 billion in Pakistan following PM Shehbaz Sharif’s official visit

    Qatar to invest $3 billion in Pakistan following PM Shehbaz Sharif’s official visit

    The state-owned investment fund of Qatar plans to invest $3 billion in Pakistan, an official statement from the office of Qatari Emir Sheikh Tamim bin Hamad al-Thani said on Wednesday, August 24.

    The administrative office of Qatar’s emir released the statement as Prime Minister (PM) Shehbaz Sharif held official talks with Tamim bin Hamad al-Thani in Doha after a meeting with the sovereign fund official the day before.

    In the statement, the $450 billion Qatar Investment Authority announced its “aspiration to invest $3 billion in various commercial and investment sectors in the Islamic Republic of Pakistan”.

    The PM thanked the Qatari Emir for his hospitality and the $3 billion investment in Pakistan.

    Shehbaz Sharif is returning to Pakistan today, August 25, after his two-day official visit to Qatar.

  • ‘Qatari emir brokering deal for Nawaz, Maryam to leave Pakistan’

    ‘Qatari emir brokering deal for Nawaz, Maryam to leave Pakistan’

    Senior journalist and analyst Arif Nizami has said that Qatar
    is reportedly brokering a deal between the government and former prime minister
    (PM) Nawaz Sharif to secure the latter’s release.

    Speaking to a private media outlet, Nizami said that Qatar was
    an old friend of Pakistan and previously involved in securing Nawaz’s release
    when former military dictator General (r) Pervez Musharraf had arrested him after
    the 1999 coup.

    “When Musharraf came into power and detained Nawaz, the emir
    of Qatar was the first person to initiate the process for his release,” he said.

    Nizami added that up to 90 per cent of the deal had been processed to let the former PM and his daughter Maryam live in London, while sources had informed him that the “recent visit of the emir of Qatar was also linked to this task”.

    Qatar Emir Sheikh Tamim bin Hamad Al Thani had arrived in
    Pakistan earlier this week and announced $3 billion worth of new investments in
    the country. He had also announced that Qatar may invest another $12 billion
    later on.

    “Sources have claimed that Nawaz’s health is not stable and
    according to his daughter Maryam, he has already suffered a stroke thrice,”
    Nizami said further.

    He claimed that under the deal, Nawaz will be allowed to pay the fine to secure his release so that he and his daughter can go and live in England. “Shehbaz and Hamza will stay here to run the party affairs and face cases leveled against them,” Nizami added.