Well thanks for your advice.
As I said I followed this link to install Qt for wince.

http://qt-project.org/doc/qt-4.8/install-wince.html

I found these links yesterday :
http://www.formortals.com/build-qt-s...-gcc-compiler/
http://www.formortals.com/how-to-statically-link-qt-4/

So I guess I have to build Qt statically. Well I am confused now. Please tell me if I am doing something wrong?
I would appreciate any advice that will point me in right direction.