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Print Print edition: 2022-08-16

PM likely to cut new LNG deal with Qatar

  • Is expected to visit Qatar on August 23
Published August 16, 2022 Updated August 16, 2022 10:00am

ISLAMABAD: Prime Minister Shehbaz Sharif is likely to undertake a two-day (August 23-24) official visit to Qatar aimed at cementing existing bilateral relations and seal some agreements including deliberations on new LNG deal, well informed sources told Business Recorder.

During a meeting on August 11, 2022, to review the progress on his upcoming visit to Qatar, the prime minister had ordered the creation of following committees to resolve the issues related to various ministries: Committee for Power, Petroleum, Aviation and other sectors would consist of (i) Minister for Defence Khawaja Asif (Convener); (ii) former PM Shahid Khaqan Abbasi (co-convener); (iii) Minister for Finance Dr Miftah Ismail; (iv) Secretary Finance; (v) Ahad Khan Cheema, Prime Minister Advisor on Establishment; (vi) Minister/Secretary Power Division; (vii) Minister/Secretary Petroleum Division; (viii) Minister/Secretary Aviation Division; (ix) Jehanzeb Khan SAPM and; (x) Secretary Privatisation/Commission.

The Committee for bulk cargo (Q-Terminals) KPT is headed by Minister for Maritime Affairs Senator Faisal Sabzwari.

PM renews offer of ‘charter of economy’

Minister for National Food Security and Research Tariq Bashir Cheema is heading Committee on Agriculture. Other members of the Committee are Minister of State for Petroleum Mussadik Masood Malik and Secretary National Food Security & Research.

According to sources, the PM has directed SAPM Syed Tariq Fatemi and Foreign Secretary Sohail Ahmed to attend all meetings of the Committee.

The sources said Minister for Commerce Syed Naveed Qamar had been appointed as head of the Committee for recruitment of security personnel for upcoming FIFA Cup. The other members will include Minister and Secretary Overseas Pakistani and Human Resource Development.

Copyright Business Recorder, 2022

Comments

Comments are closed for this article.

Sultan Aziz Aug 16, 2022 08:57am
"Visit aims to cement relationship by seizing some agreements"; seems as unique as the way the Govt. steering economy for last three months. Perhaps govt. isn't aware that there is no regime change in Qatar and the agreements previously inked were/are for bilateral benefit. Head of states visit countries to make new agreements to strengthen ties.
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Abdullah Aug 16, 2022 02:41pm
@Sultan Aziz, Sad part is pti never made any new agreements as it was busy playing politics.We need new alliances and new agreements and be part of this world.No benefit in keeping ourself isolated like imran wanted too.
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Muhammad Aug 16, 2022 04:58pm
@Abdullah, one of the two contracts signed with Qatar. one was signed by PTI government and that too on a better price then the contract signed by previous governments. please try presenting complete facts.
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Amir Aug 17, 2022 09:41am
The first LNG deal with Qatar in February 2016 at 13.37 per cent of the Brent by PMLN govt. The second deal was signed on February 2021, a 10-year LNG deal with Qatar at 10.2 per cent of the Brent by PTI govt.
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