KARACHI: Federation of Pakistan Chambers of Commerce & Industry (FPCCI) would welcome investment by Qatar in its ongoing and new energy and infrastructure projects.
FPCCI Vice President Fehmida Jamali talking to a delegation of Pak- Qatar Business Council here, hoped that Qatar would also support early conclusion of Free Trade Agreement (FTA) between Pakistan and Gulf Cooperation Council (GCC).
She said it's high time that Pakistan businessmen should initiate joint ventures (JVs) with Qatar counterparts as abundant investment and business opportunities were available in various sectors including infrastructure, tourism, agriculture and healthcare.
She said despite the fact that Pakistan and Qatar were members of Organisation of Islamic Cooperation (OIC) and have close and cooperative relations, these prolonged ties did not reflect in bilateral economic relations from 2012 to 2013 as mutual trade has been decreased from $425 million to $243 million. She said Pakistan's exports to Qatar were constantly declining. In 2011 the volume of total exports to Qatar was $115.4 million, which dropped to $79 million in 2012 and remained the same in 2013.
She also hoped that the new directors of Pakistan Qatar Business Council would play their constructive role in bridging the gap of information and interaction between the businessmen of the two countries.
Comments
Comments are closed.