Friday, 24 May 2019
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Global News

Pakistan makes a big offer to Qatar

Haroon Sharif, chairman of the Pakistan Investment Council, revealed that his country had made a big offer to Qatar.

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Pakistan makes a big offer to Qatar

Haroon Sharif, chairman of the Pakistan Investment Council, revealed that his country had made a big offer to Qatar.

Sharif told Qatar News Agency (QNA) that Pakistan had offered to Qatar 30 government projects and investments worth 10 billion dollars.

He explained that the offer included a number of sectors including hotels and resorts, power plants, listed large companies, in addition to educational institutions and others.

Sharif is in Qatar for the second time in a two-month visit to a delegation of business leaders in Pakistan.

He held meetings with a number of officials in Qatar on mutual investment and Pakistani businessmen expressed interest in investing in Qatar.

Sharif said that Pakistan and Qatar are moving quickly to complete important deals this year. He pointed out that the two sides have identified mutually beneficial sectors and are moving towards specific deals, at a time when the relationship between the two countries is developing on institutional foundations that predict a promising future of cooperation between the two sides.

Sharif said the two sides are expected to sign 3 or 5 memorandums of understanding over the next three months. The energy sector, as well as hospitality projects, will be a beginning that will lead to greater confidence between the two sides.

Qatari investments are based in the financial and insurance sector, with Qatari investments in an Islamic bank and contributions to some real estate projects.

"But there is no investment on a large scale, so I will put a file on the Qataris to choose the opportunities they want,” he said.

The Pakistani exports to Qatar have jumped significantly in the last period.

The Pakistani exports to Qatar reached about 89.898 million dollars during the fiscal year from July 2017 to June 2018 and increased by 70.53%.

The value of exports during the period from June 2016 to June 2017 was 52.719 Million dolla

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