Pakistan is in economic turmoil and faces a balance of payments crisis, with foreign reserves having dropped as low as $7.8 billion, barely enough for more than a month of imports. It is also contending with a widening current account deficit, depreciation of the rupee against the U.S. dollar and inflation that hit more than 24% in July.
"His Highness stressed the importance of the brotherly and strategic relations between the two countries and their aspiration to enhance economic partnership by raising trade exchange and promoting investments through the Qatar Investment Authority," the Emiri Diwan said. Sharif on Tuesday invited QIA, Qatar's $450 billion sovereign wealth fund, to invest in Pakistan's energy and aviation sectors.
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