Qatar Chamber, Pakistani PM discuss private sector cooperation

Qatar Chamber (QC) expressed its keenness on further bolstering the trade cooperation between Qatar and Pakistan; and Qatari companies’ interests in deepening relations with their counterparts in Pakistan. The Chamber shared its thoughts during a meeting with the visiting Pakistan Prime Minister Imran Khan, yesterday

QC Chairman, Sheikh Khalifa bin Jassim Al Thani, number of QC Board of Directors and Qatari businesspersons, met with Prime Minister Imran Khan. The meeting reviewed ways of enhancing trade co-operation and investment opportunities available in both countries. It also discussed the possibility of establishing joint projects between Qatari and Pakistani businessmen especially in food and industry sectors.

During the meeting, Khan stressed the strength of both countries relations, affirming his country’s keenness to bolster co-operation ties with Qatar in all aspects.

Qatar Chamber’s Chairman Sheikh Khalifa bin Jassim Al Thani said that Qatar-Pakistan relations have been greatly developed and growing fast over the past few years thanks to the close relationship of both countries’ leaderships and peoples.

He stressed the Chamber’s keenness on developing both countries’ trade co-operation, noting that it strives to deepen relations between Qatari companies and their counterparts from Pakistan.

There is a scope for Pakistani companies to establish joint ventures and commercial alliances with Qatari side in all sectors, especially in food and agricultural sectors.

Sheikh Khalifa noted that there are 1250 Qatar-Pakistan joint companies operating in Qatar in different sectors as at the end of 2018.

There is a big Pakistani community working in Qatar and contributing to the boom it witnessing, Sheikh Khalifa pointed out.

Qatar Chamber welcomed Pakistani firms to participate in the projects which are being implemented in Qatar. It also encourages businessmen from both sides to establish partnerships that serve both economies, he added.

Sheikh Khalifa said that their trade volume witnessed a 100 percent growth in 2017 by $1.6bn. It increased from $782 mn in 2016 to $ 1.6bn in 2017. It also reached $1.8bn registering a 12.5 percent growth during the first nine months of 2018.

“This significantly reflected how both countries’ relations greatly developed, especially after the launch of a maritime route between Hamad Port and Pakistan’s Karachi Port which contributed to the increase in import and export movement between the two countries,” he added.

Source from: The Peninsula