Qatar Fund aims to expand investments in Pakistan's power generation, housing sectors

March 23, 2024 (MLN): The Qatar Fund for Development (QFFD) on Saturday showed its interest in increasing the footprint of QFFD in the power generation and housing sectors in Pakistan, a press statement issued today reads.

A delegation from QFFD led by Khalifa bin Jassem Al-Kuwari, Chief Executive Officer of QFFD, is on a two-day visit to Pakistan from March 23-24, 2024.

The delegation, along with the ambassador of the State of Qatar to Pakistan, Ali Mubarak Ali Essa Al-Khater called on Ahad Khan Cheema, Minister for Economic Affairs at the Prime Minister’s House.

Minister for Economic Affairs welcomed the CEO, QFFD, and appreciated the role of the State of Qatar and QFFD in the development of the country and the longstanding relationship between the two countries.

He further expressed his gratitude to the State of Qatar for galvanizing international support for the floods in 2022 by pledging $25m.

Minister for Economic Affairs highlighted the priority of the government to further strengthen bilateral cooperation between the two countries in the development of mega projects in the water sector.

It is crucial to note that both sides will further enhance bilateral cooperation by initiating technical-level discussions.  

The Minister for Economic Affairs appreciated the role and support of QFFD to Pakistan at a very challenging time.

He assured to further strengthen the relations with QFFD in the future.

Al-Kuwari stated that QFFD remains committed to supporting Pakistan in its journey towards recovery and prosperity through climate-resilient infrastructure.

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