HomeBusiness NewsQatar to give $2bn to Pakistan in a bilateral agreement

Qatar to give $2bn to Pakistan in a bilateral agreement

Pakistan has been critically declining in a position due to its weak economical standing and rising inflation. To assist Pakistan through the tough time, Qatar is expected to support Islamabad with a fund of $2 billion in two-way support.

International Monetary Funds (IMF) meeting that was scheduled on 29th August in which Pakistan acquired worth $4 billion of capital from countries with amicable relations. Pakistan is also about to receive $1 billion in oil financing from Saudi Arabia and UAE. 

Murtaza Syed, Governor State Bank of Pakistan said all the funds are expected to receive in 12 months duration.cFurther, he said, Prime Minister, Shehbaz Sharif will be traveling to Qatar on the 23rd (today) and 24th of August.

Miftah Ismail, Finance Minister met Ali bin Ahmed Al-Kuwari to discuss co-relations among the country. The support will enhance the position of the foreign exchange reserves and will also reinforce the value of the rupee.

Syeda Qandeel Zehra
Syeda Qandeel Zehrahttps://hamariweb.com/
Syeda Qandeel Zehra is a senior content writer with writing expertise in different niches. She is an MBA graduate by qualification and loves to write about diverse topics. Zehra has 3 years of writing experience and currently employed at hamariweb.com as a content writer.


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