Qatar Emir visit
Investment for Pakistan in any form and from anywhere is welcome at this stage. The two-day visit by the Emir of Qatar Sheikh Tamim bin Hamad Al Thani which ended yesterday was a much-needed one considering that Pakistan was expecting some announcements of huge investments.
During the emir’s two-day stay in Pakistan the two sides signed three memoranda of understanding relating to the establishment of the Pakistan and Qatar Joint Working Group on Trade and Investment, cooperation in the field of tourism and business events and cooperation in the exchange of financial intelligence related to money laundering and terrorism financing. Another MoU was signed between Qatar’s Financial Information Unit and Pakistan’s Financial Monitoring Unit.
There was also an agreement to expand collaboration in the agriculture and food sectors. Other areas identified for cooperation were energy, oil and gas, tourism and hospitality industries, aviation, maritime affairs, higher education, and defence and defence production. Ministers from both the countries shall hold follow-up talks to further the initial agreement reached between the two leaders through these MoUs.
Qatar is important to Pakistan. As Foreign Minister Shah Mehmood Qureshi said more than 125,000 Pakistanis living in Qatar. It is hoped that this visit will open new avenues of trade between the two countries and investment will increase, hopefully in the favour of Pakistan.
Qatar’s foreign minister also expressed interest to invest more in Pakistan. In a statement earlier this week, Pakistan’s Prime Minister Imran had said that the Qatar would announce an investment of $22 billion in Pakistan. Earlier, Pakistan signed deals worth $21 billion with the Kingdom of Saudia Arabia in various sectors during the KSA’s Crown Prince Muhammad bin Salman’s visit to Pakistan. If materialized, this investment shall offer much needed boost to its staggering economy.
Qatar’s foreign minister expressed interest in engaging more than 100,000 people from Pakistan as workforce for the 2022 FIFA World Cup in Qatar.
Under the government of PTI, as has now become a tradition, the visiting dignitary was welcomed at the Nur Khan Airbase by the prime minister himself and was driven to the PM House. The visit was culminated by conferring on him the highest civil award — Nishan-e-Pakistan —during a ceremony held at the President House in Islamabad. Before his departure, the emir took interest in the display of JF- 17 Thunder and Mushshak aircraft. All in all, a good visit from the perspective of both the countries.