Pakistan proposes 30 projects to Qatar for investment
Pakistan Commerce Minister Abdul Razak Dawood visits Qatar to enhance business ties.
(Web Desk) – Qatari Minister of Commerce and Industry Ali Bin Ahmed Al-Kuwari on Sunday said that Qatar government was ready to invest in Pakistan for providing a platform to the Pakistani investors to use their market for businesses.
Addressing a joint Pakistan-Qatar Trade and Investment Conference organised by the Board of Investment Pakistan, in Doha, in collaboration with Qatar Finance Center and Embassy of Pakistan, adviser to the Prime Minister on Commerce, Industry and Investment Abdul Razak Dawood appreciated the joint efforts of Pakistani and Qatari authorities for organising the joint investment and business conference.
Dawood stated that around 30 projects were being proposed to the Qatar government and investors.
The Pakistani delegation, comprising leading businessmen and investors from various sectors, is being led by, Abdul Razak Dawood, and Board of Investment (BoI) Chairman Haroon Sharif.
Besides, the event was attended by important businessmen and investors from Qatar, including Tourism and Hospitality, Fintech, Finance and Agriculture & Food businesses.
In his opening remarks, Qatar’s commerce minister welcomed Pakistani delegation and hoped for fruitful sessions resulting in long and sustainable economic relationships between the two countries.
He said trade between the two countries grew over 230 percent in 2018 to $2.6 billion and that Qatar’s trade surplus reached $52 billion in 2018.
Meanwhile, BOI Chairman Haroon Sharif gave a short presentation on the investment opportunities in Pakistan, with special focus on improving the business circumstances in the country through reforms and special incentives.
He welcomed Pakistani delegates and told that there were approximately 1450 companies mutually owned by businessmen from both sides.
He expressed his desire to enhance the bilateral relations in trade and investment through regular business exchanges, trade expose and official engagements.
Abdul Razzaq Dawood apprised him that Pakistan has effectively implemented business friendly policies.
The discussions on investment opportunities will continue over sector specific business-to-business meetings that will continue on the sidelines of the visit.
Later, a Memorandum of Understanding was signed between Qatar Financial Center and Pakistan Stock Exchange as well.
