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Qatar, Jordan & Oman to Invest in Pakistan

The Gulf states have assured the newly-established democratic government of massive economic assistance and investment in Pakistan. The offer was made by the ambassadors of the three Gulf States to Pakistan, Qatar, Jordan and Oman, in separate meetings with the Federal Minister for Finance Ishaq Dar in Islamabad yesterday.

An official announcement issued after the meeting said that ambassador of Qatar Hamad Ali Al Hanzab told the minister that Qatar would be investing $5 billion in Pakistan in various sectors.

He said that Qatar had launched Islamic Taqaful Insurance Company in Pakistan and hoped that more investment would be made in the financial sector to tap Pakistan's investment potential for the mutual benefit of the two countries.

The two sides also agreed to convene the meeting of Joint Ministerial Commission at the mutually convenient dates.

Ambassador of Jordan Dr Saleh Ahmed Aljawarneh has proposed convening of the meeting of the Joint Economic Ministerial Commission and the meeting of Joint Business Council to increase economic cooperation between the two countries.

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