Nanjing medical university, University in Nanjing, China

Qatar has decided to invest USD 3 billion in cash-strapped Pakistan to help the latter in shoring up its crumbling economy.This was announced on Monday after a two-day visit of Qatar's Emir Sheikh Tamim Bin Hamad Al Th to Pakistan as the Imran Khan-led government continues to battle a ballooning balance-of-payment crisis."Upon the directives of HH the Amir Sheikh Tamim bin Hamad Al-Th, HE Deputy Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman Al-Th announced new investments in the form of deposits and direct investments in the Islamic Republic of Pakistan worth a total of USD 3 billion," the Qatar News Agency said.With this new investment package, the size of the Qatari-Pakist economic partnership will amount to USD 9 billion, it said.Taking to Twitter, Abdul Hafeez Sheikh, the Pakistan Prime Minister's financial adviser, said, "Want to thank the Emir of Qatar HRH Sheikh Tamim Bin Hamad Al Th 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."Qatar is the fourth country to provide a bailout package to Pakistan, after China, the UAE, and Saudi Arabia.China has given to Pakistan USD 4.6 billion in the shape of deposits and commercial loans while Saudi Arabia has announced a bailout package worth USD 3 billion in addition to USD 3.2 billion oil facility on deferred payments, according to The Express Tribune.The UAE has provided a bailout package of USD 2 billion to Pakistan.Last month, Islamabad had reached an agreement with the International Monetary Fund (IMF) for a bailout package of USD 6 billion. The deal is expected to be approved by the IMF Executive Board on July 3.Besides the assistance by the global finance body, Pakistan will receive additional funds worth nearly USD 2-3 billion from institutions such as the Asian Development Bank and World Bank.( With inputs from ANI )

Nanjing Medical UniversityFOLLOW

Nanjing medical university, Latest News

China defended detention of thousands of people in Xinjiang province at the UN Human Rights Council (HRC) meeting, here on Tuesday, and invited High Commissioner Michelle Bachelet to visit the area in the country's northwest. ...

RPG Group company Seniority Pvt Ltd, which sells products meant for senior citizens, plans to rope in a strategic investor who can help to grow the business, its co-founder Ayush Agarwal said on Tuesday. ...

RPG Group company Seniority Pvt Ltd, which is vending products meant for senior citizens, plans to rope in a strategic investor who can help to grow the business, its co-founder Ayush Agarwal said on Tuesday. ...

External Affairs Minister S Jaishankar on Tuesday refused to answer a query on reports that Antigua has revoked the citizenship of fugitive diamontaire Mehul Choksi. ...

External Affairs Minister S Jaishankar described the three-day India visit by US Secretary of State Michael Pompeo beginning Tuesday night as "very important", stating that the tensions between US and Iran was a difficult international issue that Ind ...

Chinese President Xi Jinping is likely to visit India this year, External Affairs Minister S Jaishankar said on Tuesday. ...

External Affairs Minister S Jaishankar on Tuesday refused to answer a query on reports that Antigua has revoked the citizenship of fugitive diamontaire Mehul Choksi. ...

Qatar has decided to invest USD 3 billion in cash-strapped Pakistan to help the latter in shoring up its crumbling economy. ...