Pakistan Finance Minister Miftah Ismail on Thursday said that Qatari investment will end the country’s financing gap, local media reported. Ismail said that Qatar had offered USD 3 billion in investments in Pakistan and this investment will end the financing gap in the country, ARY News reported.
“IMF [International Monetary Fund] has been informed about the Qatari investments,” Ismail said. “Qatar shows interest in making investments in Haveli Bahadur Shah and Balloki power plants.
Qatar is also willing to make investments at airports. Qatar will make investments at Karachi and Islamabad airports, and solar power projects,” the finance minister said.
He also said that Qatar would make investments in the freight cargo terminal of Port Qasim. Doha is also willing to make investments in shares of the stock market. Moreover, Qatar is mulling over giving employment to 200,000 Pakistanis.
Meanwhile, Pakistan is expected to sell shares of the Roosevelt Hotel in New York’s Manhattan to Qatar in return for the Doha investment in the aviation sector, ARY News reported citing sources.
The Roosevelt Hotel, established in 1924, is among the historic hotels in the United States and is situated in the luxurious downtown area of Manhattan.