ISLAMABAD: Qatari government on Monday evinced interest in making investments in various projects, including those under the China-Pakistan Economic Corridor (CPEC) framework.
Qatar Investment Authority’s Head Sheikh Faisal Bin Thani Al-Thani said Qatar is planning various projects in Pakistan with an investment horizon for next 10 to 15 years. “We are looking for a long-term partnership and not quick wins,” an official statement quoted him as saying. He was leading an investment delegation during a meeting with Advisor to Prime Minister on Commerce Abdul Razak Dawood and Chairman Board of Investment Haroon Sharif. The delegation showed a keen interest in Prime Minister’s Housing project as well as supplementing the CPEC investments. Specific projects were discussed in areas of aviation services, tourism, infrastructure development, power generation, water management, agro-industries and tourism across the country.
Dawood encouraged Qatari companies to come forward and have joint ventures with foreign and local companies to become part of global value chain. PM Advisor further said Qatari companies have immense potential to supplement the CPEC projects and stimulate industrialisation in the country.
Advisor informed the delegation that Qatar could enjoy a first mover’s advantage with investment in the tourism sector. “As a result of renewed confidence in the new government, large investments are in the pipeline from other countries including China, Malaysia and Turkey,” he said. Qatar-Pakistan bilateral trade volume is set to witness a major boost in the coming days as Hamad Port has established direct shipping links to Karachi and other ports in the country. The bilateral economic relations are expected to expand further as private companies from both the sides are exploring trade and investment opportunities. Dawood said Pakistan desires to have a long-term economic and strategic relationship between the two countries.
Qatari companies have signed a number of agreements with their Pakistani counterparts to import goods from Pakistan including fruits, vegetables, fresh meat, chicken other poultry and dairy products, after recent visit of a Pakistani mission to Doha. Prime Minister Imran Khan led a delegation to Qatar and met with the Emir of Qatar in January. Following the Prime Minister’s visit, Board of Investment organised a successful Pakistan-Qatar Investment Forum in March in Doha between the business communities of the both countries in collaboration with the government of Qatar.