The Ambassador of the State of Qatar, Sheikh Saud bin Abdulrahman bin Faisal Al-Thani, showed his governments intention to invest in multiple sectors of Pakistans economy, exclusively in energy, trade and businesses.
According to the sources, the investment would help further strengthen the bilateral economic bonds between both countries, the envoy stated during a call on meeting with the Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar.
The envoy extended congratulations to Dar on joining Finance Ministry and reciprocated the warm and welcoming sentiments with him, as per a press statement issued by the finance ministry.
Addressing the event, Ishaq Dar underlined the long-standing mutual relations between both brotherly countries. He also said that the incumbent government was looking for several reforms to provide greater facilitation to investors and businesses in Pakistan.
The minister also apprised the ambassador of the available profitable investment opportunities in different sectors of Pakistan and welcomed Qatar Investment Authoritys plans to invest $3 billion in various commercial and investment sectors in Pakistan.
Dar assured the Ambassador of his full support and cooperation and welcomed the investment proposals wholeheartedly.
Earlier last month, Prime Minister Shehbaz Sharif invited Qatar to invest in Pakistans energy and aviation sectors in a meeting with the Qatar Investment Authority (QIA) in Doha.
In this regard, the premier highlighted Pakistans liberal and business-friendly investment policies during the meeting. He also insisted Qatari investors explore the opportunities presented by the China-Pakistan Economic Corridor (CPEC) intended at promoting regional connectivity and mutual prosperity. Investment in various other areas including tourism and petroleum products was also discussed.
The PM further underlined the need to further enhance bilateral economic and investment engagement, especially in renewable energy including aviation, solar and wind power generation, maritime, industrial and infrastructure development, and hospitality sectors.?He also highlighted Pakistans unique geographic and demographic advantages, which link its strategic location with a huge middle-class market and a large skilled workforce.