Qatar proposes incumbent to cooperate with investors

By Staff Reporter
Friday – July 6, 2018
ISLAMABAD: Qatari economy and commerce minister Ahmed Bin Jassim Bin Mohammed Al Thani, along with his delegation, called on caretaker prime minister (PM) Nasir-ul-Mulk on Thursday, where at the royal family member proposed strengthening cooperation, with Qatari businessmen exploring opportunities in Pakistan, most specifically in food processing, petro chemical and the special economic zones.

According to an official statement, Fédération Internationale de Football Association (FIFA) 2022 was indicated as a big opportunity for increasing economic cooperation with Pakistan.

The Qatari delegation indicated keen interest in enhancing cooperation. It was agreed that business-to-business contacts will be increased amongst private companies of the two countries.

Qatar will explore opportunities for increasing trade, investment and economic cooperation on the basis of specific projects.

Al Thani indicated interest in promoting trade, investment and economic partnership with Pakistan.

Mulk seconded the importance of increasing trade and economic cooperation between the two countries.

Rice export to Qatar, work visas for skilled/semi-skilled labour force, investment in petrochemical and food processing came under discussion as priority areas.

Qatar has positive trade balance with Pakistan. Its total exports to Pakistan in the last financial year have shown 44% increase, while Pakistan’s exports to Qatar have indicated 75% increase vis-a-vis the last year.

Al Thani was on a short visit to Pakistan with senior officials and business delegation comprising chief executive officers (CEOs) of various companies representing food, agriculture, livestock, aviation, maritime and shipping sector.