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Pakistan needs Liquefied Natural Gas (LNG) supply to Sui Southern Gas
Company Limited’s (SSGCL) terminals to meet with the pressing energy demand
and to overcome the shortage in the country through this alternate source of
energy.
Syed Naveed Qamar Federal Minister for Privatisation, Investment, Ports,
Shipping, Industries & Production expressed these views during a meeting with
Mr. Hamad Ali Al-Hinzab Qatari Ambassador to Pakistan who called on him here
today.
The Minister appreciated the role of Qatari investors towards contributing in
the economy of Pakistan and said that any investment from Qatari Business
Groups/ investors in Pakistan would be fully supported by the people of
Pakistan in view of the strong brotherly relations between both the countries.
It would also provide an opportunity to the business groups of both the
countries to identify the new avenues for enhancing the existing economic
relations, which required exchange of investors groups of both the countries,
he said.
Syed Naveed Qamar informed the envoy regarding Pakistan’s Privatisation
Policy, Process and the Program. He said that there was a need to accelerate
our efforts to further transform and strengthen our close relations into
commercial interaction. Pakistan is the most promising area in the region for
the local and foreign investors for business activity in almost all the
sectors. Pakistan would continue to provide new investment avenues with
remarkable incentives for the private sector in the region, he added.
The Minister assured maximum support both at Federal and Provincial levels for
materializing the investment projects of the Qatari investors on fast track
basis in Pakistan and also to remove all sorts of bottlenecks in the process.
Qatari Ambassador to Pakistan Mr. Hamad Ali Al-Hinzab said that that the
Government of Qatar shares an excellent rapport with the Government in place
and intended to expand its cooperation both on economic and political fronts
for mutual growth and benefit of both the countries. He also apprised the
Minister that the Qatar Government’s cement project was at initial phase and a
delegation has recently visited Pakistan to discuss and finalize important
matters and modalities with the Government of Sindh. Pakistan has vast
resources and potential for investment activity and Qatari Business groups/
Companies were keen to take part in the privatisation of Pakistan and to focus
on the investment opportunities such as the Live Stock and milk processing
sectors of Pakistan, which would generate job opportunities at home, he said.
The Qatari Ambassador expressed his complete satisfaction over the on going
Qatari investment projects in Pakistan and appreciated BOI’s support and
facilitating them in this regard.
Mr. Ahmed Waqar Secretary Investment Division & Board Of Investment, and
Executive Director General, Maj. (R) Iqbal Ahmad along with other BOI
officials were present during the meeting.