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Tuesday, May 21, 2024

Qatari minister to arrive in Pakistan to discuss investment opportunities

Qatari Minister of Foreign Affairs will meet Prime Minister Shehbaz Sharif on his visit to Pakistan. 

Qatari Minister of State for Foreign Affairs Muhammad bin Abdul Aziz al-Khulaifi will be reaching Pakistan today to explore investment opportunities in Pakistan.

Pakistan actively seeks foreign investments to tackle its financial woes and economic challenges. The government of Pakistan has welcomed various foreign officials in the recent week, encouraging them to local partnerships as well as discussing with them the prospects of investment across various sectors.

Qatari Minister of Foreign Affairs will meet Prime Minister Shehbaz Sharif on his visit to Pakistan.

“The Minister of State for Foreign Affairs of the State of Qatar, Dr. Mohammed bin Abdulaziz Al-Khulaifi will visit Pakistan on 9 May 2024, as a special envoy of the Prime Minister and Foreign Minister of the State of Qatar Sheikh Mohammed bin Abdulrehman bin Jassim Al Thani,” the foreign office said in a statement.

Recently, a Saudi delegation comprising officials from 35 companies concluded their visit to Pakistan in which they held several business-to-business meetings. Prime Minister Shehbaz Sharif also met with a group of Japanese industrialists encouraging them to invest in Pakistan’s electric car industry.

Saudi Crown Prince Muhammad bin Salman is also expected to visit Pakistan this month, expected to bring with him millions of investments to the country. He is likely to visit Pakistan between May 10th, 2022, and May 15th, 2024.

Read more: Muhammad bin Salman likely to visit Pakistan this month

Pakistan is anticipating a big investment from Saudi Arabia in line with the visit of Saudi Arabia. The Crown Prince last visited Pakistan in 2019. After that, he was scheduled to visit Pakistan in 2022. The visit was postponed due to political uncertainties in Pakistan.

The Crown Prince seems to have finally accepted the invitation to visit Pakistan. Prime Minister Shehbaz Sharif visited Saudi Arabia in March this year, and perhaps officially extended the invitation to Muhammad bin Salman to visit Pakistan. Diplomatic engagements between Pakistan and Saudi Arabia have increased since then.