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Pakistan loses $5b potential Qatari investment Top Story April 27, 2021 ISLAMABAD: Lacklustre bureaucratic approach and inconsistent policies have resulted in losing $5 billion committed investment from Qatar in RLNG power plants, refurbishment of airports and hotels here in Pakistan and now it has been diverted to Bangladesh. Now Qatar’s Nebras Power Investment (QEWS QD) has acquired equity stake in Bangladesh’s Unique Meghnaghat Power. Also, the Nebras Power Investment Management has signed a sale and purchase agreement (SPA) with Unique Hotel and Resorts Limited (UHRL) to acquire a 24pc equity stake in Unique Meghnaghat Power Limited (UMPL) in Bangladesh. This acquisition enhances the asset base of Nebras through fully contracted projects. Under this agreement, Nebras will acquire a 24pc stake, while UHRL and SFL will jointly control a 56pc equity share in Unique Meghnaghat Power Limited.

Bangladesh generalHaroon sharifBoi haroon sharifQatar investment authorityCeos of qatar investment authorityMeghnaghat power limitedMeghnaghat powerNebras power investmentUnique meghnaghatNebras power investment managementUnique hotelResorts limitedUnique meghnaghat power limitedUnique meghnaghat powerIndependent power producerChief executive officer