Islamabad and Cairo 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.
This was agreed upon during a meeting between Finance Minister Shaukat Tarin and Ambassador of Egypt Tarek Mohamed Dahroug here at the Finance Division on Tuesday.
While extending a warm welcome to the 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. He said that Pakistan’s close relationship with the Arab World warrants higher trade levels.
Both sides exchanged views on matters of mutual interests and agreed that the level of bilateral trade is not satisfactory and there is a need to work together to enhance it substantially. They also explored the possibility of enhancing bilateral trade, with initial focus on rice and cotton, in consultation with relevant stakeholders.
The finance minister 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 finance minister and expressed firm commitment for making measured progress for further strengthening business and economic linkages between the two countries.
