ISLAMABAD: Abdul Razak Dawood, Advisor to the Prime Minister on Commerce, Textile, Industries & Production on Sunday said that Pakistan has become a sought after destination for investment due to Government of Pakistan’s recently carved out investor friendly policies.
He was addressing at Pakistan – Qatar Trade and Investment Conference that was held in Qatar on March 10, 2019.
He also elaborated these policies of the government and lucrative incentives being provided to the foreign investors.
Highlighting the recent economic stability and progressive on-going economic activities in the wake of CPEC; he stated: “Pakistan has emerged as an ideal market for investment.”
Furthermore, he was of the view that improved security situation has also motivated foreign investors for their safe investments in Pakistan.
He stated that trade volume between Pakistan and Qatar can be enhanced through increased business engagements.
He encouraged Qatari investors to invest in Pakistan mainly in the areas related with real estate, hospitality, petro-chemical, food & agriculture etc.
Qatari Minister of Commerce and Industry Ali Bin Ahmed Al-Kuwari welcomed Pakistani delegates and told that there were approximately 1450 companies mutually owned by businessmen from both sides.
He further added that Qatari side is ready to invest in Pakistan and is open to provide a platform to the Pakistani investors to use their market for business both inside and outside Qatar.
He expressed his desire to further the relationship of both sides in trade and investment through regular business exchanges, trade expose and official engagements.
Haroon Sharif, Chairman, Board of Investment made a brief presentation highlighting the potential areas of investment in Pakistan.
He reiterated Prime Minister Imran Khan’s statement that it is the best time for investment in Pakistan and the opportunity shall not be missed.
Yousef Al-Jaidah, Chief Executive Officer of Qatar Financial Center shed light on the new emerging belt initiative which includes countries like Turkey, Kuwait, Iraq, Qatar, Oman, Malaysia and Pakistan.
He stated that this initiative will further enhance the trade and investment ties amongst these countries.
Pakistan Ambassador to the State of Qatar Syed Ahsan Raza Shah was also present on the occasion.
The conference was followed by business to business (B to B) meetings of the businessmen participating from both sides.