ISLAMABAD: The Pakistan Army will assist Qatar with security in the upcoming FIFA World Cup 2022 being held in the Middle Eastern country.
The Pakistan Army and Qatari agreement to provide support during the mega football event from November 20 to December 18 has been approved by the federal cabinet, The News reported. The spectacular will be held for the first time in the Gulf nation.
According to the State Bank of Pakistan (SBP), Qatar will give Pakistan USD 2 billion in bilateral assistance to lessen the South Asian country's funding shortage and the resulting risk of default. According to The News, the nation would also receive $1 billion in oil funding from Saudi Arabia and a comparable amount in investments from the UAE.
SBP vice governor Murtaza Syed stated in a briefing that all the monies are anticipated to be received over a twelve-month period. On August 23 and 24, Prime Minister Shehbaz Sharif will travel to Qatar. "An announcement of the support may or may not be revealed during the trip," Syed continued.
Prior to the IMF board meeting on August 29, which could result in the disbursement of $1.2 billion in finance, assurances have been made. Arab countries only agreed to help Pakistan once it had an IMF programme, and the Washington-based lender has been looking for Saudi Arabia to commit.
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