The Qatar Investment Authority (QIA) is looking to invest up to $3 billion in Pakistan over the next few years, a senior official has announced. Sheikh Hamad bin Jassim bin Jaber Al Thani, the authority's chairman, made the announcement during a meeting with Pakistan Prime Minister Nawaz Sharif in Doha on Sunday.
During the meeting, the two sides discussed ways to enhance economic and investment cooperation between Qatar and Pakistan. Sheikh Hamad said that the QI was keen to invest in Pakistan's energy sector, infrastructure, and agriculture. He also expressed interest in investing in Pakistan's stock market. For his part, Prime Minister Sharif said that Pakistan was working to create a favorable investment climate in the country. He invited Qatari investors to take advantage of the opportunities available in Pakistan.
The Qatar Investment Authority is one of the world's largest sovereign wealth funds. It was established in 2005 to invest in Qatar's surplus oil and gas revenues. The authority has investments in several global companies, including Volkswagen, Barclays, and Credit Suisse. It also has a stake in Qatar Airways and the London Stock Exchange.
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