ISLAMABAD – Adviser to the Prime Minister on Commerce, Industry andInvestment, Abdul Razak Dawood, said on Sunday that around 30 projects werebeing proposed to the Qatar government and investors, besides discussionsto further explore the potential of trade and investment between privatesectors of both the countries.
Addressing a joint Pakistan-Qatar Trade and Investment Conference organizedby the Board of Investment Pakistan, in Doha, in collaboration with QatarFinance Center and Embassy of Pakistan Doha, he appreciated the jointefforts of Pakistani and Qatari authorities for organizing the jointinvestment and business conference.
The Pakistani delegation, comprising leading businessmen and investors fromvarious sectors, is being led by, Abdul Razak Dawood, and Chairman Board ofInvestment (BoI), Haroon Sharif.
The event was jointly chaired by Abdul Razak Dawood and Qatar’s Minister ofCommerce and Industry, Ali Bin Ahmed Al Kuwari, and attended by importantbusinessmen and investors from Qatar, including Tourism and Hospitality,Fintech, Finance and Agriculture & Food businesses.
In his opening remarks, Qatar’s Minister of Commerce welcomed the Pakistanidelegation and hoped for fruitful sessions resulting in long andsustainable economic relationships between the two countries.
Chairman BoI, Haroon Sharif, gave a short presentation on the investmentopportunities in Pakistan, with a special focus on improving the businesscircumstances in the country through reforms and special incentives.
He reiterated that the Government of Pakistan was providing equalopportunities to investors from all over the world. He added that CPECinvestments had provided impetus to the economy and many other companies,like ExxonMobil, Kargil, DOW, Kia, Hyundai and Volkswagen, were nowinvesting in the country.
This was followed by panel discussions on Investment Opportunities inPakistan and Investment Opportunities in Qatar for Pakistani Conglomerates.The discussions on investment opportunities will continue over sectorspecific business-to-business meetings that will continue on the sidelinesof the visit.
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Abdul Razzak Dawood and Haroon Sharif also met Qatari Minister of Commerceas well as Sheikh Faisal Bin Thani Al Thani, from Qatar InvestmentAuthority (QIA).
During the meetings, Razak Dawood explained the priorities of thegovernment and the reform drives to improve the overall business andinvestment climate in Pakistan. Chairman BOI briefed on various projectsand investment opportunities in the country.
A Memorandum of Understanding was signed between Qatar Financial Center andPakistan Stock Exchange as well.
He stressed that the government’s top priority is investment in ‘Tourism &Hospitality’, among other sectors, and asked Qatari companies to invest inthis particular sector in Pakistan.
Sharif added that a liberal visa regime adopted by the current governmentwould enhance the growth in this sector, which provides a uniqueopportunity to the interested investors in tourism.
