MoU Seeks Pakistani Joint Ventures With Qatari Partners

Pakistan Business Forum Doha (PBFD) and Rawalpindi Chamber of Commerce & Industry have entered into a long-term partnership aimed at promoting mutual cooperation and bilateral trade, investment and industry between Pakistan and Qatar.

The move comes as post-blockade, there have become opportunities for Pakistani businesses to enhance their exports to Qatar as Qatari businesses seek new partners and adjust their supply chains to new realities in the region.

A formal memorandum of understanding (MoU) to this effect was signed between Mohamed Idrees Anwar, president PBFD and Zahid Latif Khan, president, RCCI, during the ‘Business networking meeting-cum-dinner’ hosted by PBFD in honor of a 62-member RCCI delegation to Qatar recently.

Anwar said “tremendous potential” exists for promoting joint ventures with Qatari organizations, which needs to be formalized on a fast-track basis.

He specifically highlighted the sectors which need to be exploited by Pakistani companies in the wake of ongoing blockade of Qatar, including export of food items, building material, medicines, chemicals, etc.

Anwar said the “visit of RCCI delegation to Qatar would open new vistas for trade promotion and transform brotherly relations between the two countries into a sustainable and economic partnership”.

Khan explained the visit was hurriedly organized in view of “excellent feedback” received from his Qatari counterparts during his earlier visit in December 2017.

“I held number of useful meetings with Qatari counterparts, which prompted me to encourage RCCI members to organize an elaborate business delegation to visit Qatar, representing various areas” he said.

Khan reiterated that Pakistan was fully capable of supplying food products as being a food-surplus country and enjoying excellent bilateral relations with Qatar.

Through such visits, he said new export areas would also be explored in order to meet emergent requirements of Qatar besides investments opportunities by establishing industrial and processing plants here for local consumption and even re-exports in areas such as pharmaceuticals (importation and local production in Qatar), fruits / vegetables, dairy products and fresh and frozen (import & local).

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