ISLAMABAD, Aug 24 — The Qatar Investment Authority aims to invest US$3 billion in Pakistan, the Qatari ruler’s office said today, lending support to the South Asian nation’s cash-strapped economy.
“The Qatar Investment Authority announced its aspiration to invest US$3 billion in various commercial and investment sectors in the Islamic Republic of Pakistan,” the Emiri Diwan said, without giving details. Doha has shown interest in airport management partnership and the Roosevelt Hotel in New York’s Manhattan owned by the Pakistan International Airlines, two Pakistani aviation officials involved in the talks told Reuters.
“Qatar has shown interest in taking over terminal and cargo services at Islamabad airport,” one of the officials said, adding other airports, such as Karachi, could also be considered later on.