The prime minister of Pakistan Shahbaz sharif was on a busy trip of middle east where he have meet not only His excellency the crown king Muhammad bin salman but pave the way for the future investments of the Saudi kingdom in Pakistan. He also discussed the Middle East’s on go situations with high ups to look after the upcoming challenges. After completing the two days long visit to Saudi Arabia the prime minster reached to Qatar.
It is good omen that the prime minster has successful to convince the crown prince MBS, on more investment in Pakistan. According to the Saudi Minister Al Falih told the media that during his recent visit to Pakistan, both sides had signed 27 memorandums of understanding (MoUs) for investment worth $2.2 in Pakistan.
He announced that following PM Sehbaz’s meeting with the crown prince and their discussion, the number of MoUs has been increased from 27 to 34 to add $600 million in investment taking the investment volume to $2.8 billion.
Speaking on the occasion, the premier said that the meetings with the crown prince and Al Falih were reassuring, adding that some of the projects agreed upon during the recent Saudi delegation’s visit were under implementation.
On Thursday the Qatar’s Minister of State Muhammad bin Abdulaziz Al-Khalifa receives the prime minster at Doha International Airport Aiming at further enhancing brotherly ties. Prime Minister Shehbaz Sharif on Wednesday arrived in Doha on a two days official visit at the invitation of Emir of State of Qatar Sheikh Tamim bin Hamad Al Thani.
At the airport, the prime minister was received by Qatari Minister of State Mohammed bin Abdulaziz Al-Khulaifi, Pakistan’s ambassador and other diplomatic staff, PM Office Media Wing said in a statement.
Federal ministers Khawaja Muhammad Asif, Mohammad Aurangzeb, Jam Kamal Khan and Attaullah Tarar also accompanied the premier.
Taking to X, formerly known as Twitter, the premier said that he just arrived in Doha at the invitation of the Qatar’s emir.
“I look forward to a productive exchange of views with the Qatari leadership to further enhance our brotherly relations.”
During his visit the prime minister holds bilateral meetings with the Qatari emir and Mohammed bin Abdulrahman bin Jassim Al-Thani, Prime Minister and Minister for Foreign Affairs.
In these meetings, the two sides reviewed the entire gamut of bilateral relations and explore new of cooperation especially in trade and investment.
The leadership level delegations of Qatar Investment Authority (QIA) and Qatar Businessmen Association (QBA) called on the prime minister to explore investment opportunities in Pakistan.
PM Shehbaz also inaugurated the cultural exhibition Manzar: Art and Architecture in Pakistan from 1940 to present” on 31 October 2024.
The exhibition showcases Pakistan’s rich cultural and architectural heritage and underline deep people-to-people linkages between Pakistan and Qatar.
Actually the visit’s aim is to seek potential investors for Pakistan in Qatar that is why senior federal minster khuwa Asif and minster for finance Muhammad Aurangzeb along with their teams are also there to assist the prime minster. The economic experts measured that Pakistan has serious issues regarding the foreign investments because after the formation of special investment facilitation council Pakistan could not attract sufficient investors for government run companies like PIA to overhaul that but could not yet succeeded. On the other hand no such a company is ready to buy the dead Pakistan steel mills. It should be remember that On July 4, 2023, the Government of Pakistan announced to shut down the Steel Mills as there was no available buyer due to the heavy losses it had been incurring for years. So the prime minster and his team wants to seek investors for such government owned projects, so that value able capital could be brought to the country. Thus it is hoped that the prime minster is arrived to the country with better confidences.
