Doha, 6 March 2023 (TDI): Mansoor Ebrahim Al-Mahmoud, the CEO of the Qatar Investment Authority (QIA), met with the Prime Minister of Pakistan, Shehbaz Sharif in Doha.
During the meeting, the two discussed the status of various investment projects in numerous economic areas of Pakistan.
Al-Mahmoud and Prime Minister Sharif underlined investment prospects in Pakistan’s infrastructure and energy industries during the meeting.
It might be noted that during the Prime Minister’s visit to Qatar in August 2022, a thorough dialogue had been started between the two parties.
The Pakistani government has received strong interest from the Qatar Investment Authority to invest in solar power parks, airports, and LNG power plants.
Also read: Prime Minister of Pakistan meets delegation from QIA
It is pertinent to note that Al-Mahmoud also agreed with the Prime Minister that commerce and investment between Pakistan and Qatar are important on a bilateral level and expressed his willingness to deepen those connections.
While Prime Minister Sharif on his part praised Al-Mahmoud for his enthusiasm for expanding economic ties with Pakistan and welcomed Qatari businessmen to benefit from the government of Pakistan’s investment-friendly policies.
Both nations are hopeful about collaborating closely to put current agreements into practice in order to strengthen and diversify their economic connections going forward in line with Qatar’s Vision 2030.
Pakistan-Qatar Trade ties
Over the years, Pakistan and Qatar have maintained amicable trading relations and have developed close economic links.
Since Pakistan is a big energy importer, the primary basis of the trade relationship between Pakistan and Qatar is the flow of petroleum and liquefied natural gas (LNG).
The two have, however, been looking into ways to diversify their commerce in recent years, with Pakistan aiming to increase its textile and agricultural product exports to Qatar.
In order to promote business and economic interactions, the governments of both nations have been actively striving to strengthen trade facilitation measures, such as the construction of direct air links and the simplification of visa procedures.
Overall, trade ties between the two continue to exhibit positive-growth prospects, with both countries determined to extend their economic collaboration in the future.
