Thursday, December 8, 2022

Trade between 1250 companies of Pak-Qatar rose to $ 1.8 billion


Zain Zubair
Zain Zubair is a staff writer for World News Observer. He is studying ACCA in Pakistan. Besides Accountancy and writing pieces, he loves cooking and nature photography. Zain has attended various modern journalism workshops. Contact: [email protected]

Imran Khan, Prime Minister of Pakistan, affirmed his country’s keenness to strengthen relations of cooperation with the State of Qatar in various fields.


He said in a meeting with a number of members of Qatar Chamber that Pakistan and Qatar have deep relations. He pointed out the importance of enhancing cooperation between Qatari businessmen and their Pakistani counterparts to establish projects in the industrial and food sectors.


During the meeting, he reviewed the areas of joint cooperation and investment horizons between the two countries in all fields, especially the sectors of industry and food. He called on businessmen in both countries to explore opportunities for joint investment, which would contribute to the further development of relations between the two countries.


Sheikh Khalifa bin Jassim bin Mohammed Al Thani, Chairman of Qatar Chamber, said that bilateral relations between the private sector in the State of Qatar and the Islamic Republic of Pakistan have witnessed remarkable development in recent years, which encourages the development of economic and investment cooperation at various levels.


Sheikh Khalifa bin Jassim also stressed the importance of supporting Qatar Chamber for the development of trade cooperation between the two countries and its efforts to bring Qatari companies closer together with their counterparts in Pakistan. He added that the company is open to Pakistani companies to increase cooperation through establishing partnerships and trade alliances in all sectors. And encourages entrepreneurs from both countries to establish effective partnerships that serve the two economies.


Chairman of Qatar chamber (QCC) pointed to the growth in the number of Pakistan and Qatar joint companies operating in the Qatari market, which reached 1250 companies by the end of 2018, and operating in various economic sectors, in addition to the presence of a large Pakistani community working in the State of Qatar, and contribute to the renaissance of the country.


Chairman QCC added that trade between Qatar and Pakistan grew by 100 percent in 2017, reaching about 1.6 billion dollars compared to 782 million dollars in 2016. Trade exchange continued to increase in 2018, which reached its value during the first nine months of last year About $ 1.8 billion, an increase of 12.5 percent over the whole of 2017.


He pointed out that these figures reflect the development of trade relations between the two countries, expected to continue to grow in intra-trade during the coming period, benefiting from the direct shipping line between the two countries, which was inaugurated in 2017 linking the port of Hamad port Karachi, which contributed to the promotion of the movement of exports and imports between the two countries.



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