Pakistan's Premier Multilingual News Agency

IT Minister enhances ties with Qatar, explores opportunities for Pakistani start-ups

Doha, 5 December, 2023 (GNP): Federal IT Minister Dr. Umar Saif is on a four-day visit to Doha to establish and enhance bilateral business ties in the IT sector between both countries.

As per the Minister’s post on X (formerly Twitter), he has conducted multiple meetings in Doha aimed at strengthening Pakistan and Qatar’s ties in the IT sector.

Additionally, during his visit, Minister Umar Saif met with Ahmed Al-Sayed, Minister of State and Chairman of Qatar Free Zones Authority (QFZ), as well as CEO of Qatar Venture Capital.

According to the IT minister Qatar Free Zone will provide “huge opportunity for Pakistani startups for raising investments and launching in the region”.

Additionally, he inaugurated the Pakistan-Qatar IT conference in Doha that was attended by vast number of businessmen from Qatar and IT companies from Pakistan. Thus, raising prospects of collaborations and investments in Pakistan’s IT start-ups.

Pakistan’s Delegation visits Qatar Science and Technology Park:

A Pakistani delegation also visited the the Qatar Science and Technology Park (QSTP). The delegation was led by the IT minister Dr. Umar Saif.

Qatar Science and Technology Park (QSTP) is one of Qatar’s free zone and a primary hub for technology advancement, research, innovation, and entrepreneurship.

During the visit the delegation was provided with an overview of innovative programs at QSTP and, explored opportunities for Pakistani start-ups in Doha.

Finally, theΒ  minister met with the President of the Qatar’s National Cyber Security Agency Engineer Abdulrahman bin Ali Al Farahid Al Maliki.

During the meeting both parties discussed ways to increase cooperation in cyber security and various ways to foster the partnerships.

What are Free Zones in Qatar?

Qatar Free Zones (QFZ) are specialized economic areas in Qatar designed to attract foreign investment and encourage international trade.

They offer simplified processes, infrastructure, and various incentives to businesses, fostering a business-friendly environment.

TheyΒ  allow foreign investors to incorporate their businesses without having to encounter various restrictions.

These zones provide exemptions from certain taxes and duties, allowing for faster setups and reduced administrative burdens.

Aimed at driving economic growth, innovation, and job creation, Qatar Free Zones play a crucial role in Qatar’s economic development by facilitating diverse industries and fostering a conducive ecosystem for businesses.