Egypt Acknowledges The Vision And Leadership Of PM Khan, Is Keen To Invest $1bn In Pakistan

[Shahzaz ud din]

Egypt Acknowledges The Vision And Leadership Of PM Khan, Is Keen To Invest $1bn In Pakistan
Appreciating the leadership qualities of PM Khan, Business community said that Egypt fully recognizes the vision and governance of PM Khan.
By KINZA ZAHRA Last updated OCT 4, 2019
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• The delegation is also interested to invest $1 billion over next year in the energy sector as well as in the PM’s housing scheme ‘Naya Pakistan’.
• Egyptian company has shown a keen interest to invest $500 million in the energy sector of Pakistan.

On Thursday, Prime minister Imran Khan met a business community to welcome companies from Egypt who want to invest $1 billion in Pakistan.

Special Assistant to PM on Information and Broadcasting Dr. Firdous Ashiq Awan, Special Assistant to PM Syed Zulfiqar Abbas Bukhari, Chairman Naya Pakistan Housing Authority Lt. Gen (R) Anwar Ali Haider and Chairman Board of Investment Zubair Gillani were present in the meeting. Egypt’s Ambassador in Pakistan, Ahmed Fadel Yacoub was also present in the meeting.

Oct 4, 2019
Prime Minister along with other government officials ensure the Egyptian business community to facilitate and support the investors and entrepreneurs coming to Pakistan.

There is an immense and vast possibility to convert the existing Pakistan-Egypt relationships into solidly profitable draws.

El Sewedy Electric, a renowned Egyptian company on the occasion has shown a keen interest to invest $500 million in the energy sector of Pakistan.

Investing in various sectors
The delegation is also interested to invest $1 billion in the energy sector and in PM’s housing scheme ‘Naya Pakistan’.

PM Khan also discussed the common problem of Muslim Uma that is Islamophobia. He expressed his views and said both countries should work on all the levels to address this common challenge.

It is very important for the Muslim countries to give extra importance to education. Since, this is the only way possible to change the image of Islam internationally says PM during meeting.

While appreciating the leadership qualities of PM Khan Business community said that Egypt fully acknowledged the vision and governance of PM Khan.

The delegation immensely appreciated PM Khan’s speech during the 74th session of the UN General Assembly.

 

[gangsta_rap]

Maybe we can try our luck and ask our misri friends if they can give us a ride on a Rafale sometime - now that would be something...

 

[WarKa DaNG]

Maybe we can try our luck and ask our misri friends if they can give us a ride on a Rafale sometime - now that would be something...

Then gangadeshi will demand for F-22 and B-2 to change the course of the history

 

[Falcon26]

Egypt doesn’t have a billion dollars to invest

 

[Hiraa]

Lmao

Egypt itself needs money. The corrupt are looting the poor in their country, hence the protests against Sisi

 

[M.AsfandYar]

Egypt doesn’t have a billion dollars to invest

Exactly what i was thinking...

 

[shah_123]

Qoam ko Mubarak ho.

 

[Haris Ali2140]

What if it is related to the mirage deal???

Egypt doesn’t have a billion dollars to invest

 

[Introvert]

​

Egypt keen to invest $1bn in Pakistan over the next one year in different sectors mainly in energy, building, Pharmaceutical, Halal Food and Tourism. The bilateral trade has an increasing trend, $260 million as compared to last year $200 million. Both countries are enjoying good relations and there is need to further increase the bilateral exchange of delegation program and information.

These remarks were made by Egypt Ambassador Agmed Fadel Yacob during his visit to the Rawalpindi Chamber of Commerce and Industry (RCCI) here on Wednesday. He was accompanied by 16 member trade delegation headed by Ahmed Anter, Frist Undersecretary, and Head of Egyptian commercial service.

The envoy informed that Egypt will be declared Hepatitis free country by 2020 and urged Pakistan for joint ventures in Pharmaceutical and health sector. Egypt can help Pakistan to get rid of Hepatitis C.

There is a need to have enhanced Pak-Egypt cooperation in the area of healthcare, he added.

Ahmed Fadel lauded RCCI efforts in promoting trade ties between the two countries and also showed willingness to be part of RCCI Int’l Rawal Expo 2020 in March next year.

First joint working group has been established between Pakistan and Egypt and I hope we can explore more opportunities here, the ambassador further added.

Ms Maria Kazi, Joint Secretary, Ministry of Commerce who was also a part of delegation, in her address said that special incentives would be provided to Pakistani companies through new strategic trade policy framework for participating in trade fairs in Africa, under Look Africa initiative.

She said Pakistan's exports to Africa were confined to few products including rice, pharmaceuticals, cement, textiles, surgical and sports goods and urged that private sector should focus on exporting more products to Africa. She lauded RCCI efforts for promoting trade activities and appreciated its efforts for organizing Business Africa Forum earlier this year in Islamabad. She assured full support and assistant to RCCI for organizing trade exhibitions in the region.

Saboor Malik, on this occasion, said that African countries are the non-traditional markets for Pakistan's exports and have huge potentials for enhancing of exports. Chamber while organizing business to business meetings provided a platform to traders to explore new markets. He said RCCI will organize similar events including business opportunities conference and African Day to involve business community to explore new markets for exports and promoting trade ties with African Countries.

Sohial Altaf, group leader, said that there is huge potential in Halal food between the two countries and we must explore opportunities here.

https://nation.com.pk/16-Oct-2019/egypt-keen-to-invest-1bn-in-pakistan

 

[Introvert]

Mods, please merge threads
https://defence.pk/pdf/threads/egypt-keen-to-invest-1bn-in-pakistan.639700/

@The Eagle @Dubious

 

[خره مينه لګته وي]

Egypt's foreign reserves increases to $44.35B by end of June. CAIRO – 4 July 2019: Egypt's foreign reservesrose by about $77 million, recording $44.352 billion by the end of June 2019, compared to $44.275 billion by the end of May 2019, according to the Central Bank of Egypt (CBE)


https://www.egypttoday.com
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For those who are complaining about Egypt short of money....

Egypt doesn’t have a billion dollars to invest

Lmao

Egypt itself needs money. The corrupt are looting the poor in their country, hence the protests against Sisi

Exactly what i was thinking...

------------------------------------------------
It's not btw Govt to Govt thing...

Its like Pakistani Businessmen meeting with sissi of Egypt for future investments & pledge to invest there and Egyptians start mocking Pakistanis for not having the needed money... govt will just facilitate not fund the project of private businesses...


Egyptian Businessmen -__- read the First Few Lines ^__^

Egyptian company has shown a keen interest to invest $500 million in the energy sector of Pakistan.

On Thursday, Prime minister Imran Khan met a business community to welcome companies from Egypt who want to invest $1 billion in Pakistan.

 

[jupiter2007]

Arab countries invested in fake projects of previous (PPP& PMLN) governments that’s the main reason they don’t want to invest in Pakistan unless government givens them guarantee.

Current government must keep this process transparent. We don’t want our Arab friends to have the same experience as before.

 

[Bilal Khan (Quwa)]

Egypt doesn’t have a billion dollars to invest

It's actually their fauji industries trying to make money overseas, unlike our fauji industries.

 

[airmarshal]

Look at Egypt. Only recently on an IMF program. Did all the things right and now its investing abroad.

Look at Pakistan. If I m correct, 18th time on IMF program in the last 3 decades. Still begging money.

I m no advocate of IMF. But if done right, countries do get out of their programs and do very well. Pakistan did too under Musharraf.