Pakistan, Egypt agree to work for establishing joint Business Council

Web DeskWeb Editor

25th Aug, 2021. 03:19 pm

ISLAMABAD: Pakistan and Egypt have agreed to work on the idea of establishing a Pakistan-Egypt Business Council and forging closer collaboration between the ministries of finance of both the countries, a statement issued by the Finance Ministry said.

The agreement was made during a call on a meeting of Ambassador of Egypt Tarek Mohamed Dahroug with Federal Minister for Finance and Revenue, Shaukat Tarin at the Finance Division.

They also explored the possibility of enhancing bilateral trade, with the initial focus on rice and cotton, in consultation with the relevant stakeholders, it added.

Both sides exchanged views on the matters of mutual interests and agreed that the level of bilateral trade was not satisfactory and there was a need to work together to enhance it substantially.

Extending a warm welcome to the ambassador, the finance minister said Pakistan and Egypt enjoyed brotherly relations and expressed Pakistan’s desire to further strengthen economic and business cooperation between the two countries.

Tarin also said that Pakistan’s close relationship with the Arab World warrants higher trade levels. He requested the ambassador to convey his best wishes to the Egyptian finance minister and to convey his sentiments that both countries should work together on the economic front for mutual progress and prosperity.

The ambassador thanked the minister and expressed firm commitment for making measured progress for further strengthening business and economic linkages between the two countries.

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