Pakistan, Qatar investment cooperation gains momentum

ISLAMABAD: The investment cooperation between Pakistan and Qatar is set to gain momentum as both counties decide to strengthen and expand bilateral cooperation, concluding the 5th session of Pakistan-Qatar Joint Commission that took place in Doha.

The commission was co-chaired by Minister Energy (Petroleum Division) Omar Ayub Khan and Qatar’s Minister of Commerce and Industry Ali bin Ahmed Al Kuwari.

While talking to Advisor to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh, Ambassador of Qatar to Pakistan Saqr Bin Mubarak revealed that the Qatari investors were keen to invest in the tourism and real estate sectors of Pakistan.

After reviewing the constituents of the existing bilateral relations, Qatar has decided to increase collaboration particularly in the fields of trade, industry, transport, energy, manpower export, education, science and technology, finance, tourism and infrastructure. They also discussed cooperation in aviation, culture and tourism.

To achieve equal footing to explore new areas of cooperation, the joint commission also discussed to introduce and exhibit manufactured goods and products in each other’s markets. The discussions also included enhancing employment opportunities for highly skilled and professional manpower from Pakistan in Qatar.

Furthermore, the importance of activating the Qatari-Pakistani Joint Business Council was taken into account, and hence a meeting of Joint Working Group on Trade and Investment will take place. This is based on the MoU signed between the two countries in June this year.

To further strengthen the relations, the envoy has invited Hafeez Shaikh to participate in the upcoming Doha Forum that is scheduled to be held in December this year. A formal invitation was handed over him to on behalf of the Deputy Prime Minister of Qatar.

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