Ethiopian envoy urges Pakistani banks to expand into Addis Ababa

Ambassador Abdula emphasised that Ethiopian government would facilitate businesses, enhancing bilateral trade

FAISALABAD:

Ambassador of the Federal Democratic Republic of Ethiopia, Jemal Beker Abdula, has urged Pakistani banks to open branches in Addis Ababa for business transactions.

Addressing the business community at the Faisalabad Chamber of Commerce & Industry (FCCI), he emphasised that the Ethiopian government would facilitate businesses, enhancing bilateral trade. Establishing a banking channel is a critical step, which, he believes, would significantly boost trade and aid Pakistani exporters in accessing African markets.

Ethiopian Airlines now connects Karachi and Lahore with Addis Ababa, with plans to extend service to Faisalabad and Sialkot soon, he said. Ethiopia, the envoy highlighted, boasts a 98% green energy production, exporting to neighbouring countries. Moreover, Ethiopia prioritises education, with a literacy rate of 75-80%, and encourages female participation across sectors. He outlined Ethiopia’s focus on producing skilled human resources, with specialized education and vocational training initiatives. Ethiopia, he asserted, offers a conducive environment for investment, with ten industrial parks and a resilient economy.

Published in The Express Tribune, April 28^th, 2024.

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