ISLAMABAD – In order to enhance bilateral trade, Pakistan and Qatar haveagreed in principle on a preferential trade agreement (PTA) and a freetrade agreement (FTA), a private media outlet reportedlinkonMonday, adding that the agreements would soon be signed after necessaryformalities.
Pakistan has also offered to establish a plant in Qatar to manufacturefootballs for the FIFA World Cup 2022 as well as subsequent footballtournaments.
Nebras Power, a major investment group in Qatar’s energy sector, hasexpressed an interest in investing directly in Pakistan’s power sector.
The Nebras Power Consortium will take part in the privatisation of theHaveli Bahadur Shah and Balloki power plants in Pakistan.
It has formally informed the Pakistani government about its interest andhoped that it would promote direct cooperation between the two governmentsin the fields of energy and power generation.
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According to a document, Pakistan’s commerce and energy ministries attendedthe 5th Pak Qatar Joint Ministerial Commission meeting in Qatar last month.
A copy of the minutes issued by the signatories of the two countries wassent to the respective ministries for implementation of the decisions madeby the two countries.
Pakistan has expressed an interest in exporting sports goods for the FIFAWorld Cup 2022. Qatar has welcomed Pakistan’s interest and said it wouldconsider its goods on the basis of price and quality for the mega event.
