DOHA, Qatar: President Asif Ali Zardari on Wednesday invited Qatari businessmen to take advantage of investment and business friendly policies of Pakistan by investing in various sectors including energy, infrastructure, banking and agriculture. He was talking to a delegation of Qatar’s leading business tycoons led by Vice Chairman of Qatar’s Chamber of Commerce and Industries Muhammad bin Ahmad bin Tawar Al-Kawari.
President Zardari who arrived here yesterday on a two-day official visitheld a detailed interaction with the Qatari businessmen in a bid to strengthen trade and investment linkages with the energy-rich Gulf state.
The President while inviting the Qatari businessmen to benefit fromPakistan’s investment friendly regime said that all sectors of the economy were open to investment with maximum dividends being offered to the business community.
He highlighted various incentives being offered to the investors including investment in all the economic sectors, allowing 100 percent foreign equity, equal treatment to foreign and domestic investments, allowing remittance of royalty, capital, profits and dividends and full legal protection to foreign investment.
He said that the promotion of public-private partnership patterns andencouraging joint ventures was another important feature of Pakistan’s economy.
He said Pakistan with the marketplace of 180 million people was poised to serve a huge market of over 3 billion in its neighbourhood due to its unique geo-strategic location.
The President said recently a law had been enacted that seeks to ensure continuity of incentives to the entrepreneurs. He said that under the new law of Special Economic Zones, all capital goods, machinery and equipment will be given one time exemption from customs duties and the entrepreneurs will also be exempted from Income Tax for ten years.
He said that there was a great scope for Pak-Qatar Joint Investment Company to further explore investment opportunities in Pakistan.
He also highlighted highly-trained and experienced human resource of the country including engineers, bankers, lawyers and other professionals of international experience and repute. He said the World Bank’s ranking for Pakistan as a business friendly country was improving and added that recent reforms had further improved country’s position.
The President in his interaction also highlighted Pakistan’s inherent potential and competitive edge in various sectors including textiles and clothing, sports goods, surgical instruments, carpets, marble items and tents.
Vice Chairman of Qatar’s Chamber of Commerce and Industries Muhammad bin Ahmad bin Tawar Al-Kawari said his country was interested in benefiting from the investment opportunities in diverse sectors in Pakistan.
The meeting was attended by Foreign Minister Hina Rabbani Khar, Advisor on Petroleum and Natural Resources Dr Asim Hussain, Members of National Assembly Munir Orakzai and Amer Ali Khan Magsi and Ambassador Sarfraz Ahmad Khanzada.