Qatar to buy shares in OGDCL and PPL

ISLAMABAD: Qatar has reportedly agreed to buy stakes of Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL) and sell Mirage-2000 fighter aircrafts to Pakistan.

This was made known during a recent inter-ministerial meeting chaired by Syed Tariq Fatemi, Special Assistant to the Prime Minister on Coordination.

During a recent trip to Qatar, the finance minister proposed that the Qatari side purchase shares or stakes in OGDCL. The Qatari side consented to take the suggestion under consideration and carry on with the discussion.

During the recent meeting with the Prime Minister the Ambassador of Qatar stated that Qatar is ready to provide Mirage-2000 fighter aircraft to Pakistan. He further stated that a formal request may be made by the Prime Minister of Pakistan for the subject matter. Same was reiterated by the Ambassador during his meeting with Additional Secretary Middle East.

Pakistan has asked Qatar for a third LNG deal for two additional monthly cargoes, but Doha is looking for information on the reforms undertaken by Islamabad. In accordance with two separate agreements, the governments of Pakistan Muslim League-Nawaz (PML-N) and PTI are importing LNG from Qatar.

Qatar also asked for the quickest possible delivery of early PIA financial and operational data. Qatar indicated a wish to acquire Islamabad and Karachi airports first during a meeting with the CEO of QIA, and was advised that the issue of Lahore airport might be handled at a later time.