Pakistan Aims to Raise Joint Trade with Egypt to $4 billion

Gohar Ejaz , Pakistani Minister for Commerce said that his country aims to increase the volume of joint trade with Egypt to $4 billion, compared to the current $400 million.

This came in his speech at a press conference on the sidelines of the Pakistan-Africa Trade Development Conference in Cairo.

The minister added that the volume of joint trade between the two countries at the end of last year was divided between $100 million in Egyptian imports and $300 million in Egyptian exports. 

A delegation of Pakistani companies, consisting of 200 companies, is currently visiting Egypt, in the presence of the CEO of the Pakistan Trade Development Authority and the Secretary of the Board of Investment there.

The program of events includes the Fourth Pakistan-Africa Trade Development Conference, which will be held on January 9, followed by the two-day Fair, which will be held on January 10 and 11.

The companies' business sectors include textiles, engineering, food, agriculture, and services, with the aim of displaying Pakistani products and concluding potential business deals. More than 150 senior businessmen and representatives of chambers of commerce from countries in the Middle East and North Africa region are visiting Cairo to strengthen commercial relations with Pakistani businessmen.

The exhibition provided opportunities to enhance trade and sign joint project deals between local and Pakistani businessmen in multiple sectors of common interest. It also opens the door to opportunities to enhance trade and investment relations between Pakistan and countries in the Middle East and North Africa region.

It is worth noting that, within the framework of the “Look Africa” policy, the Government of Pakistan has succeeded in organizing similar events in Johannesburg, Lagos, and Nairobi in the years 2022, 2021, and 2020, which had a positive impact in achieving greater commercial benefits.

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