The Qatar Investment Authority (QIA) has expressed great interest in investing in Pakistan’s housing, energy, tourism and airport management sectors, reported Radio Pakistan.
A meeting was held between Prime Minister Imran Khan and a QIA delegation, led by the Qatar Investment Department and the Head of the QIA Regional Investment Fund Sheikh Faisal Bin Thani Al-Thani, in Islamabad on Monday.
The delegation included the heads of several organizations in the housing, tourism, real estate and energy sectors.
The prime minister thanked the authority’s interest in making investments in the Pakistani economy and highlighted several business opportunities in tourism, housing and other sectors.
The prime minister also highlighted several steps and policy reforms taken by the government to facilitate foreign investors and business communities.
The Trade Adviser to Prime Minister Abdul Razzak Dawood and the Chairman of the Investment Board Haroon Sharif were also present at the occasion.
Friendly environment for investors
Meanwhile, speaking with the Qatari delegation at a separate meeting, Planning Minister Khusro Bakhtyar said Pakistan’s tourism, energy and infrastructure sectors offer great investment potential and that Qatar could benefit from investment in these areas.
The minister reiterated that the government is committed to guaranteeing a favorable environment for investors for both local investors and foreigners. “The government is also focusing on developing the tourism sector through which new tourist spots are being discovered and developed,” he added.
Bakhtiar said Qatar could spend in Gwadar industrial zone, adding that Gwadar would emerge as a leading port that would help improve regional trade.
The minister also said Qatar could also invest in several road infrastructure projects in Pakistan. Some projects under the Pakistan Economic Corridor of China (CPEC) would be encouraged on the basis of building, operating and transferring (BOT).
Import of additional LNG
PM Trade Adviser Abdul Razak Dawood, after his session with Qatar delegation, told the media that talks with the Qatar delegation focused on investment opportunities in the energy, infrastructure, tourism and agriculture.
“Qatar sees Pakistan as an important destination for its food security and we have expressed our willingness to do so,” he said, adding that an action plan would be formulated after identifying areas for investment in the Middle East country.
The adviser was confident that Qatar would start investing in Pakistan in the coming months.
Responding to a question, Dawood said the Oil Ministry will discuss with Qatar the import of additional long-term LNG.
In early March, Qatar’s Minister of Commerce and Industry, Ali Bin Ahmed Al-Kuwari, welcomed Pakistani investors to use their market for business both inside and outside of Qatar.
During the Pakistan-Qatar Trade and Investment Conference, Kuwari said that Qatar was open to providing a platform for Pakistani investors.