Pakistan, Egypt exploreJVs in ports, logistics | The Express Tribune
Key Takeaways
- Pakistan and Egypt agreed to deepen cooperation in maritime and industrial sectors to boost their blue economies.
- Discussions focused on collaboration in port development, shipping, logistics, and industrial ventures.
- Egypt offered to share its expertise in maritime management, particularly regarding Suez Canal free zones, to support Pakistan's sector development.
- Pakistan's Minister proposed establishing 'Pakistan Houses' in Africa and Egypt to promote trade and investment.
- Both countries anticipate that enhanced cooperation will strengthen economic ties and promote regional integration across Asia, Africa, and the Middle East.
Pakistan and Egypt have reached an understanding to significantly deepen cooperation across maritime and industrial sectors, aiming to expand joint ventures and bolster their respective blue economies. The agreement was formalized during a meeting between Pakistan's Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry, and Egypt's Ambassador, Dr. Ihab Mohamed Abdelhamid Hassan. Both nations emphasized strengthening ties in areas like port development, shipping, and logistics, recognizing the blue economy's role in sustainable growth. Pakistan's minister highlighted efforts to improve regional connectivity and proposed establishing 'Pakistan Houses' in Africa and Egypt to foster trade. In return, the Egyptian Ambassador welcomed these initiatives and offered Egypt's expertise in maritime management, specifically concerning the successful operation of Suez Canal free zones, suggesting joint ventures in Pakistan's maritime sector. The envoy also commended Pakistani exports, signaling optimism for broader bilateral trade growth.
