The Ambassador of Somalia to Pakistan, Sheikh Noor Muhammad Hassan, has expressed a strong interest in signing bilateral agreements to enhance mutual trade between the two countries, according to a press statement. Speaking at the Lahore Chamber of Commerce & Industry (LCCI) on Thursday, he reflected on the longstanding historical relations between Pakistan and Somalia, dating back to 1960, in trade and economic cooperation.
The Somali envoy highlighted his country's openness to Pakistani investors in all sectors of the economy and stressed that exchanging trade delegations could significantly strengthen economic ties. He also noted that many Somali students are pursuing education in Pakistan and sought internship opportunities for them to enhance their practical experience.
LCCI Senior Vice President Engineer Khalid Usman reiterated Pakistan's commitment to expanding trade ties with Africa under the "Look Africa" and "Engage Africa" policies. He pointed out that Somalia's strategic location along the Indian Ocean makes it an essential market for Pakistan. He also highlighted Pakistan's long-standing defence cooperation with Somalia.
According to the State Bank of Pakistan, trade between the two nations reached $72 million in 2023-24.
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