Egyptian firms keen to invest $1b in Pakistan

Express interest in energy sector, PM’s housing project

ISLAMABAD: Prime Minister Imran Khan has welcomed the interest shown by Egyptian companies in investing $1 billion in Pakistan, saying the government will fully facilitate Egyptian investors and entrepreneurs so that they could carry out profitable trade activities in the country.

Talking to a delegation of Egyptian traders, the prime minister said there was a huge potential for translating the existing Pakistan-Egypt brotherly relations into stronger economic ties.

He called for promoting bilateral cooperation between Pakistan and Egypt at all levels in order to tackle the common challenges faced at the international level.

Appreciating the services of Egypt’s Jamia Al-Azhar, PM Imran said in order to tackle the challenges faced by Islam, there was a need to further promote cooperation among Muslim countries in the area of education.

Highlighting Pakistan’s new energy policy, he said the government had strived to promote renewable energy, adding that the interest shown by Egyptian companies in that respect was encouraging.

The prime minister also stressed the need for enhancing cooperation between Pakistan and Egypt in the area of healthcare. Members of the Egyptian delegation, while expressing their confidence in the government’s business-friendly policies, said Egyptian companies were keen to invest in Pakistan’s housing, energy, health care and other sectors.

Published in The Express Tribune, October 4^th, 2019.

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