Lahore Chamber of Commerce and Industry (LCCI) on Friday appreciated the decision to form Pak-Qatar Joint Investment Company to cooperate in the fields of hydro power and offshore as well as onshore oil/gas exploration and production. In a statement issued here, LCCI President Irfan Qaiser Sheikh, Senior Vice President Kashif Younis Meher and Vice President Saeeda Nazar hoped that the formation of Joint Investment Company on energy projects would help strengthen bilateral ties by translating existing political and cultural relations into commercial and economic interaction. LCCI office-bearers said cooperation between the two countries would go a long way in solving the acute energy shortage being faced by the country for the last many years. They also hoped Qatar would extend maximum support to Pakistan in winning Free Trade Agreement with Gulf Cooperation Council (GCC).
They said the decision to activate Joint Business Council (JBC) would also help promote interaction between business communities of the two countries. Meanwhile, LCCI office-bearers called for measure of economic stability in the country to give positive message to the international community that was now ready to make investment in a number of sectors of Pakistan. They said LCCI was ready to extend support to the government in achieving the economic targets, provided it is taken on board for economic policies formulation as it is the private sector only that could help implement policies in letter and spirit.