Pakistan has offered Qatar to invest in 30 public-sector projects with $10 billion investments, chairman of Pakistan’s Board of Investment, announced.
These projects include several industries including hotels, resorts, electricity generation plants, listed firms, and educational institutions, Qatar News Agency (QNA) reported, citing Haroon Sharif as saying.
Both countries are expected to sign several memorandums of understating (MoU) during the next three months, mainly in energy and hospitality sectors, Sharif added.
Pakistan’s exports to the GCC nation amounted $89.89 million during the period between July 2017 and June 2018, from $52.72 million in the year-ago period.
Meanwhile, Qatar’s exports to Pakistan soared 37.7% to $1.58 billion during the fiscal year ended 30 June 2018, against $1.14 billion in the corresponding period a year earlier, on the back of growing demand for liquefied natural gas (LNG).
Previously, Qatar’s minister of trade and industry Ali Al-Kuwari announced that bilateral trade between Pakistan and the world’s biggest exporter of LNG hiked 230% to $2.6 billion in 2018.