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Pakistan seeks Qatar’s investment in energy, tourism

PM for effective Pakistan-Qatar engagement to boost trade, investment relations

Prime Minister Shehbaz Sharif on Tuesday invited investors from Qatar to invest in Pakistan’s energy, aviation, agriculture, livestock, maritime, tourism and hospitality sectors.

The prime minister, in a meeting with the highest officials of Qatar Investment Authority (QIA) – one of the largest sovereign wealth funds of the world, highlighted Pakistan’s liberal and business-friendly investment policies in this regard. He also urged the Qatari investors to explore the opportunities presented by the China-Pakistan Economic Corridor (CPEC) aimed at promoting regional connectivity and mutual prosperity.

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QIA Chief Executive Officer Mansoor Bin Ebrahim Al-Mahmoud and Chief Investment Officer of Africa and Asia-Pacific Regions Sheikh Faisal Thani Al-Thani represented the Qatar Investment Authority. The meeting was attended by federal ministers Syed Naveed Qamar, Marriyum Aurangzeb and Ayaz Sadiq, and Minister of State Hina Rabbani Khar. Lauding Qatar’s rapid economic development under the visionary leadership of Qatar’s Emir, the prime minister reiterated that Pakistan attached high importance to its relations with Qatar and wanted to upgrade the traditionally warm political ties between the two countries into a comprehensive economic partnership.

He stressed the need to further enhance bilateral economic and investment engagement, particularly in the renewable energy including solar and wind power generation, aviation, maritime, industrial and infrastructure development, and hospitality sectors. He underlined Pakistan’s unique geographic and demographic advantages, which combined its strategic location with a huge middle-class market and a large skilled workforce. PM Shehbaz Sharif assured full facilitation to the QIA through transparent and expeditious processes.

As part of the event, a number of presentations were made by the relevant ministries highlighting the potential of foreign investment in the fields of food security, energy, maritime, aviation, hospitality and tourism sectors. The prime minister appreciated the QIA’s rejuvenated interest in investing in Pakistan. It was agreed that designated focal persons on both sides would closely follow-up on the key proposals for investments.

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The prime minister invited Mansoor bin Ebrahim Al-Mehmoud and Sheikh Faisal Thani Al-Thani to visit Pakistan at their earliest convenience to build on the momentum generated by the visit. Terming Pakistan a priority country, the QIA officials expressed their keen interest and readiness to actively pursue investment opportunities in the country. Describing Qatar as a “reliable friend” of Pakistan, Prime Minister Shehbaz Sharif stressed the need for effective bilateral engagement to boost trade and investment ties according to their true capacity and potential.

Addressing Pakistan-Qatar Investment Roundtable here, he appreciated Qatar for supporting Pakistan during this era of extreme inflationary trends worldwide and the economic tightness “beyond our imagination”. The prime minister termed the panel discussion during the investment conference as very productive and informative, which he added gave them a way forward for the friendly countries of Pakistan and Qatar enjoying decades old fraternal relations based on mutual trust, respect and support. He said that Pakistan offered huge opportunities of investment in the areas of agriculture, solar energy, renewable energy and Information Technology (IT). The prime minister said that the present government took over at a time when Pakistan was facing huge challenges of hovering economy, trade deficit and huge pressure on resources.

The Prime Minister assured of the Government’s full support to Qatari investors in deepening their footprint in Pakistan. He appreciated the efforts of the organizers in arranging the Roundtable with Pakistani and Qatari businessmen. Earlier, the Ambassador of Pakistan to Qatar, in his welcome address, expressed the confidence that the visit of the Prime Minister would lead to substantial enhancement of bilateral trade, investment and economic ties.

During the roundtable, a distinguished panel discussed the enhancement of bilateral trade and economic relations. The Panel discussion mainly focused on exploring new areas of cooperation to forge stronger business-to-business linkages.

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