President urges Qatar Investment Authority to invest in Pakistan

229

ISLAMABAD, Dec 29 (APP): President Mamnoon Hussain Tuesday expressed the hope that the Qatar Investment Authority (QIA) would invest in various sectors of Pakistan, particularly energy, infrastructure and agriculture.

Talking to Sheikh Falah Bin Jassim Bin Jabbor Al Thani, brother of ex-Prime Minister of Qatar, who called on him along with a delegation at the Aiwan-e-Sadr, he said Pakistan was an investment-friendly country offering lucrative incentives to foreign entrepreneurs.

The President highlighted that Pakistan has a liberal foreign exchange regime and there was no limit on the inflow or outflow of funds for business transactions. He said Pakistan provides high returns on capital and cheap labour was available in abundance.

The President appreciated Qatar’s valuable support for early conclusion of Pakistan-Gulf Cooperation Council Free Trade Agreement (FTA) and said it would further strengthen economic and trade ties between Pakistan and the GCC countries.

The President emphasized that Pakistan desires to promote, strengthen and diversify its relations with Qatar in all fields of bilateral cooperation. He said bilateral ties with Qatar were marked by brotherhood and a high degree of mutual trust and were rooted in shared faith, ideology and common interests.

The President stressed the need for unity of Muslim Ummah to surmount the challenges being faced by them.

The President noted that Pakistani diaspora in Qatar was a strong bridge between the two countries and said Pakistan was looking for expansion in its designated quota for Pakistani skilled and unskilled manpower for 2022 FIFA World Cup.

The President wished the delegation a fruitful and enjoyable stay in Pakistan.