The Embassy of Pakistan in Egypt, in collaboration with Rawalpindi Chamber of Commerce and Industry (RCCI), organised a Pakistan-Egypt Business Opportunities Conference in Cairo. The purpose of the conference was to enhance bilateral trade and investment ties between the two countries. The conference coincided with the ongoing celebrations of 75th anniversary of the establishment of diplomatic relations between Egypt and Pakistan.
Minister of Public Business Sector Mahmoud Esmat and Head of Egyptian Commercial Services, Mr Yahya el-Wathik Bellah Ahmed attended the event, alongside high-ranking government officials, members of diplomatic community, representatives of Chambers of Commerce of Egypt and a large number of Egyptian businessmen.
Minister Esmat appreciated the efforts of business communities of both countries in strengthening economic ties. In his statement, Mr Yahya el-Wathik Bellah highlighted the mutual desire of the two sides to boost co-operation in various sectors including agriculture, energy, housing, tourism, textile and industry.
He also stressed the need to create new avenues for investments.
Ambassador of Pakistan to Egypt Sajid Bilal thanked the Egyptian government and Chambers of Commerce for extending all possible support for making the event a success. He highlighted the efforts of Pakistan to attract foreign investment especially from the brotherly countries through the formation of Special Investment Facilitation Council.
The ambassador praised the role of Pakistani and Egyptian companies in promoting bilateral commercial relations. He highlighted the ongoing mechanisms and mutual efforts of the two governments in realising full potential of trade and investment between Pakistan and Egypt.
More than 150 delegates from various business sectors of Pakistan attended the conference. This reflects the priority given to Africa by the government of Pakistan and the outstanding prospects for forging commercial linkages with Egypt.
The companies from the two sides signed seven memoranda of understanding (MoUs) for mutual co-operation in education, tourism, and food sectors. They also discussed ways to collaborate and promote mutual trade during business-to-business sessions.
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