Islamabad August 24 2021: Egypt and Pakistan exchanged views on 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.
These views were discussed as H.E. Mr. Tarek Mohamed Dahroug, Ambassador of the Arab Republic of Egypt called on the Federal Minister for Finance and Revenue, Mr. Shaukat Tarin here at the Finance Division today. While extending a warm welcome to H.E. Ambassador, the Finance Minister stated that Pakistan and Egypt enjoy brotherly relations and expressed Pakistan’s desire to further strengthen economic and business cooperation between the two countries.
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Finance Minister stated that Pakistan’s close relationship with the Arab World warrants higher trade levels. During the meeting, both sides 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.
They also explored the possibility of enhancing bilateral trade, with initial focus on rice and cotton, in consultation with relevant stakeholders.
Towards the end, the Finance Minister requested H.E. Ambassador to convey his best wishes to the Egyptian Finance Minister and to convey his sentiments that both countries should work together on economic front for mutual progress and prosperity. H.E. Ambassador thanked the Finance Minister and expressed firm commitment for making measured progress for further strengthing business and economic linkages between the two countries.