Pakistan and Qatar have signed an important protocol aimed at deepening their bilateral relations and strengthening economic cooperation. The agreement was finalized on Thursday at the conclusion of the three-day sixth Pakistan-Qatar Joint Ministerial Commission (JMC) meeting on economic, trade, and technical cooperation.

The protocol was signed by Pakistan’s Federal Minister for Commerce, Jam Kamal Khan, and Qatar’s Minister of Commerce and Industry, Sheikh Faisal bin Thani bin Faisal Al Thani.

$3 Billion Qatari Investment Commitment

The most significant aspect of the protocol is that it formally includes the earlier pledge made by the Emir of Qatar to invest $3 billion in Pakistan. This investment will be carried out through the Qatar Investment Authority (QIA) or other designated Qatari investment sources.

To make the investment process smoother, the protocol emphasizes strengthening direct coordination between QIA and Pakistan’s Special Investment Facilitation Council (SIFC). The SIFC will serve as the main platform to facilitate Qatari investors in making investments in Pakistan’s priority sectors.