Rizwan Yaseen, KPMG in Qatar
Doha: The economic stimulus package announced by the government will benefit private sector’s cash flow management, two top market experts told The Peninsula, yesterday.
Akber Khan, Senior Director - Asset Management Group, Al Rayan Investment said the broad stimulus package announced by the government is equivalent to 10 percent of the country’s GDP. “Importantly, the measures seek to help small businesses with their cash flow crunch during the COVID-19 related shutdown”, he said.
Akber Khan, Senior Director, Asset Management Group, Al Rayan Investment
Rizwan Yaseen, KPMG in Qatar, Audit Director commented: “We warmly welcome Qatar Government’s economic incentive. These targeted measures will benefit small businesses and private sector’s cash flow management in this unprecedented situation. Taking decisive measures like this one is key to ensuring a safe and stable environment, so we praise Qatar’s leadership for their swift efforts to support business community.”.
Yaseen noted that Qatar’s banking sector has sufficient liquidity and is adequately capitalised. “This stimulus package is the equivalent of an economic flu shot to help ward off the adverse financial impact of coronavirus.
