Qatar, Azerbaijan Set to Invest $5 Billion in Pakistan’s Economy, Says PM Shehbaz

Qatar and Azerbaijan pledge $5 billion investment in Pakistan’s economy, targeting energy, mining, and IT sectors. Major economic boost expected.

Nov 5, 2024 - 17:12
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Qatar, Azerbaijan Set to Invest $5 Billion in Pakistan’s Economy, Says PM Shehbaz
Qatar, Azerbaijan Set to Invest $5 Billion in Pakistan’s Economy, Says PM Shehbaz

Prime Minister Shehbaz Sharif announced that Qatar and Azerbaijan are set to invest a total of $5 billion in Pakistan’s economy, focusing on key areas such as solar energy, mining, minerals, and IT. Speaking to the federal cabinet, Shehbaz shared that Qatar is planning a $3 billion investment, with a delegation from the Qatar Investment Authority scheduled to visit soon to explore specific opportunities.

Shehbaz also noted his discussions with Saudi Crown Prince Mohammed bin Salman, who expressed a strong demand for IT-trained workers in Saudi Arabia and encouraged Pakistan to send skilled professionals to meet this need.

These investments signal a positive shift for Pakistan, bringing in significant capital for the country's development and economic growth.

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