Pakistan to Get $3 Billion in Deposits, Investments From Qatar
Pakistan, which got an International Monetary Fund bailout last month, will receive another $3 billion from Qatar.
(Bloomberg) -- Pakistan, which got an International Monetary Fund bailout last month, will receive $3 billion in deposits and direct investments from Qatar.
State-run Qatar News Agency reported the investments, citing the gas-rich nation’s foreign minister
It follows Saudi Arabia and the United Arab Emirates pledging aid packages for the South Asian country. Riyadh has given a $3 billion loan to Pakistan, while the U.A.E. provided $1 billion. Pakistan and the IMF reached an agreement in May on a loan of about $6 billion designed to help the country avert an economic crisis.
To contact the reporter on this story: Dana Khraiche in Beirut at dkhraiche@bloomberg.net
To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net
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