PR No. 253 Islamabad: December 29, 2015

President Mamnoon Hussain has emphasized that Pakistan desires to promote, strengthen and diversify its relations with Qatar in all fields of bilateral cooperation.

The President said this while 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, Islamabad on Tuesday.

The President stated that bilateral relations with Qatar are marked by brotherhood and a high degree of mutual trust and are rooted in shared faith, ideology and common interests. The President emphasized for the unity of Muslim Ummah to surmount the challenges being faced by the Muslims across the world.

The President said that Pakistan is an investment friendly country with very lucrative incentives for investment as Pakistan gives high returns on capital and cheap labour is available in abundance. The President highlighted that Pakistan has a liberal foreign exchange regime and there is no limit on the inflow or outflow of funds for business transactions. The President hoped that Qatar Investment Authority (QIA) would invest in various sectors of Pakistan particularly energy, infrastructure, and agriculture. The President appreciated Qatar’s valuable support for early conclusion of Pak-GCC Free Trade Agreement (FTA) as early conclusion of Pak-GCC FTA would further strengthen economic and trade ties between Pakistan and the GCC countries.

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

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