Qatar and Pakistan firms discuss boosting cooperation
October 07 2018 05:30 PM
Qatar and Pakistan firms discuss boosting cooperation
Qatar and Pakistan firms discuss boosting cooperation

QNA/Doha

Qatar Chambers chairman Sheikh Khalifa bin Jassim Al-Thani said that Qatar and Pakistan enjoy good economic and trade relations growing fast owing to the closure between the leadership and peoples of both countries.

This came during a meeting held at the chambers venue on Sunday with a Pakistani business delegation led by Vice Chairman of Federation of Pakistan Chambers of Commerce and industry (FPCCI) Tarek Haleem.

Sheikh Khalifa noted that both countries bilateral trade volume registered a 100 percent increase from 782 Million dollars in 2016 to $1.6 Billion dollars in 2017.

‘The number of Qatari-Pakistani joint companies operating in Qatar increased to 851 companies in different sectors. In July 2018, the Qatari Pakistani business forum held in Pakistan provided a good opportunity for both countries' businessmen to review enhancing cooperation relations and exploring investment climate in both sides,’ he added.

Sheikh Khalifa further affirmed that the launch of sea route between Hamad Port and the Port of Karachi in Pakistan helped in increasing the imports and exports movement between them.

The door is open for Pakistan companies to cooperate with Qatari firms and establish joint ventures in all fields, he pointed out.

For his part, head of Pakistani delegation said that Qatar and Pakistan have seen an increase in their relationship during the past few years.

Tarek Haleem pointed out that Pakistan is a key source of Qatars food supplies which have risen by more than 70 percent during the siege year.

Qatar has also emerged a s Pakistans source of LNG and petrochemicals which registered a growth of 37 percent during the siege year, Haleem said. (QNA)



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