Qatar reveals further investment of $3bn in Pakistan

[thunderkaka]

Qatar will make a further investment of $3bn in Pakistan, it has been revealed.

Doha's cash injection brings the Gulf state's total Pakistani investment to $9bn.

"Want to thank the Emir of Qatar HRH Sheikh Tamim Bin Hamad Al Thani for announcing US $3 Billion in #deposits and direct #investments for #Pakistan and for #Qatar's affirmation to further develop relations between the two countries," Abdul Hafeez Shaikh, the Pakistani prime minister's adviser on finance, posted on Twitter on Monday morning.

The funding follows the Qatari emir's visit to Pakistan, and comes as an endorsement of Prime Minister Imran Khan's adminstration, said Doha's Ministry of Foreign Affairs.

The recent visit of top-level Qatari diplomats and leaders to Islamabad saw deals reached for cooperation in aviation, maritime affairs, higher education, and defence and defence production, Pakistan's GeoTV reported.

https://www.aljazeera.com/ajimpact/qatar-reveals-3bn-investment-pakistan-190624114635608.html

 

[thunderkaka]

"Want to thank the Emir of Qatar HRH Sheikh Tamim Bin Hamad Al Thani for announcing US $3 Billion in deposits and direct investments for Pakistan and for #Qatar's affirmation to further develop relations between the two countries," Abdul Hafeez Shaikh, the Pakistani prime minister's adviser on finance, posted on Twitter on Monday morning.

Can someone explain the part in red.

 

[countryman]

Can someone explain the part in red.

Deposits yield markup - so it is still investment. However, Pakistan should be very careful on where it's spending, any money to fill the current deficit will be just gone and next year we'll be looking for lenders to pay that too and next year as well and so on.

 

[American Pakistani]

Next step should be to cut imports or impose more tax for residential consumers buying imports.

 

[TNT]

We need to increase our exports many fold. The best way to decrease imports is to standardize local production. Ppl go for far expensive imported stuff because of quality.
Do u guys know that Pakistan does not even produce a good quality baby milk formula. The imported ones cost around 10 thousand Rs a month, no one wants it bt have to buy coz local ones are crap. Similarly we sell raw salt to india, china and middle east, and they sell it to europe and 100 times the cost. We cant even export finished simple products like salt. Our previous govt were utter morons.

PS wat abt news of 22 billion investment??

 

[countryman]

Next step should be to cut imports or impose more tax for residential consumers buying imports.

Meanwhile the current normal is: People prefer imported version of things being produced in country under license or even subsidiaries of same company in Pakistan. We're mentally retard, and that cannot be fixed in foreseeable future. Imports under food group will be about $5.4 Billion despite significant devaluation.

 

[Samlee]

Deposits yield markup - so it is still investment. However, Pakistan should be very careful on where it's spending, any money to fill the current deficit will be just gone and next year we'll be looking for lenders to pay that too and next year as well and so on.

Qatar Is A Friendly Country And We Are About To Give Them A Lucrative LNG Contract.They May Roll Over This Deposit Or Extend It For A Few Years

 

[AsifIjaz]

400 bcf per year is barely a respectable figure... Its more about influence , 2022 world cup and mainly brotherly relationships

 

[American Pakistani]

Meanwhile the current normal is: People prefer imported version of things being produced in country under license or even subsidiaries of same company in Pakistan. We're mentally retard, and that cannot be fixed in foreseeable future. Imports under food group will be about $5.4 Billion despite significant devaluation.

Petrol is a prime example in front of us. In Pakistan it costs 0.64$/ltr, in US avg 0.71$, India 1.02$, China 1.03$, oil rich KSA 0.55$. Like you said we ourselves are r3tard, want subsidies on every import, buy imports, and then question govt that why is economic condition so bad.

Honestly I blame the people of Pakistan for bad economic conditions than to PMLN, PPP, MQM, PTI, etc etc. Stop buying imports and see how the situation changes.

 

[Imad.Khan]

We need to increase our exports many fold. The best way to decrease imports is to standardize local production. Ppl go for far expensive imported stuff because of quality.
Do u guys know that Pakistan does not even produce a good quality baby milk formula. The imported ones cost around 10 thousand Rs a month, no one wants it bt have to buy coz local ones are crap. Similarly we sell raw salt to india, china and middle east, and they sell it to europe and 100 times the cost. We cant even export finished simple products like salt. Our previous govt were utter morons.

PS wat abt news of 22 billion investment??

To be honest very few countries make good quality baby milk powder. most of the milk powder here comes from Germany or Switzerland.