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Home Business

Qatar’s Ambassador Discusses Strengthening Bilateral Ties and Investment with Sindh Governor

by Alina Fida
November 28, 2024
in Business, Main, New, News, Pakistan
Reading Time: 2 mins read
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Qatari Ambassador Discusses Strengthening Bilateral Ties and Investment with Sindh Governor

Qatari Ambassador Discusses Strengthening Bilateral Ties and Investment with Sindh Governor

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Qatar’s Ambassador to Pakistan, Ali Mubarak Ali Essa Al-Khater, met with Sindh Governor Kamran Tesori in Karachi to explore ways to enhance bilateral investment and foster deeper ties between the two nations. The meeting, held at the Governor’s House, focused on expanding economic cooperation and promoting investment opportunities, particularly in Karachi.

During the meeting, Ambassador Al-Khater expressed Qatar’s interest in making large-scale investments in Pakistan, noting that Karachi was a key area of focus. The Ambassador also praised Sindh’s leadership and showed a strong desire to strengthen the economic and diplomatic relationship between the two countries.

Governor Tesori shared that Qatar had long been a supportive partner to Pakistan and that Pakistanis had a deep affection for the Gulf nation. He further emphasized Qatar’s interest in government-to-government investments and collaborative ventures with local businesses in Pakistan.

The discussions come as Pakistan seeks to attract foreign investment to stabilize its economy, which has faced challenges in recent years. Pakistan’s Prime Minister Shehbaz Sharif had visited Qatar the previous month, focusing on enhancing trade and investment ties. Additionally, a Qatar Investment Authority (QIA) team is expected to visit Pakistan soon to set up an IT park.

Governor Tesori highlighted that the government was committed to creating a favorable environment for Qatari investors and would provide insights into sectors that could yield quick returns. The meeting underscored the importance of Qatari investments in Pakistan’s current economic landscape, especially given the country’s ongoing recovery efforts after narrowly avoiding a financial default.

The discussions also reflect ongoing efforts by Pakistan to bolster its economic ties with key allies and attract much-needed foreign capital to support its $350 billion economy.

Tags: latestPakistan

Alina Fida

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