Qatar sends $500 million payment to Pakistan



Qatar has sent the first tranche of $3 billion to Pakistan that will help boost its dwindling foreign-exchange reserves, Bloomberg reported.

According to reports, the $500 million will be with Pakistan in the next few days. The gas-rich nation pledged the amount in deposits and investments to Pakistan after Qatar’s Emir Sheikh Tamim Bin Hamad Al Thani visited Islamabad earlier this month.

The inflow follows Saudi Arabia and the United Arab Emirates (UAE) sending $5 billion in aid packages.

Pakistan also received $2.1 billion loan from China in March after Prime Minister (PM) Imran Khan approached friendly countries to help it avert a balance of payments crisis.