Egyptian Ambassador Ahmed Fadel Yacoub has said that Egypt is keen to invest $1 billion in Pakistan over the next one year in different sectors including energy, infrastructure, halal food and tourism, The Express Tribune reported.
According to the details, the envoy, while speaking at the Rawalpindi Chamber of Commerce and Industry (RCCI) said that bilateral trade had been on an uptrend and it currently stood at $260 million per annum compared to $200 million last year.
The envoy told the meeting that Egypt would be declared Hepatitis-free country by 2020 and urged Pakistan businessmen to establish joint ventures in pharmaceutical and health sectors, stressing that Egypt could help Pakistan completely get rid of Hepatitis C.
“Both countries are enjoying good relations and there is a need to further increase exchange of delegations and information,” the ambassador added.
Ministry of Commerce Joint Secretary Maria Kazi has said that special incentives would be provided to Pakistani companies for participating in trade fairs in Africa under the ‘Look Africa’ initiative.
She also urged the private sector to focus on exporting a higher volume of merchandise to Africa.
