The state-owned investment fund of Qatar plans to invest $3 billion in Pakistan, an official statement from the office of Qatari Emir Sheikh Tamim bin Hamad al-Thani said on Wednesday, August 24.

The administrative office of Qatar’s emir released the statement as Prime Minister (PM) Shehbaz Sharif held official talks with Tamim bin Hamad al-Thani in Doha after a meeting with the sovereign fund official the day before.

In the statement, the $450 billion Qatar Investment Authority announced its “aspiration to invest $3 billion in various commercial and investment sectors in the Islamic Republic of Pakistan”.

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