Pakistan, Egypt exploreJVs in ports, logistics

Cairo offers support in maritime management, developing free zones similar to Suez Canal

ISLAMABAD:

Pakistan and Egypt have agreed to deepen cooperation in maritime and industrial sectors, aiming to expand joint ventures and boost their blue economies.

According to an official statement issued on Wednesday, the understanding was reached during a meeting between Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry and Egypt's Ambassador to Pakistan, Dr Ihab Mohamed Abdelhamid Hassan, on Wednesday.

Both sides reaffirmed their commitment to strengthening economic and maritime ties, discussing collaboration in port development, shipping, logistics, and industrial ventures. The talks focused on tapping the growing potential of the blue economy, seen as a key driver for sustainable growth and regional trade.

Chaudhry said Pakistan was working to improve regional connectivity through roads, railways, and sea routes. "We are establishing stronger links with Central Asian states and East African countries, and can further enhance maritime connectivity with Egypt," he said.

Outlining Pakistan's broader economic diplomacy goals, the minister proposed setting up "Pakistan Houses" in Africa, Central Asia, and Egypt to promote trade, investment, and business partnerships. He added that Pakistan would also welcome similar centres from other countries to boost mutual collaboration.

The ambassador welcomed Pakistan's initiatives and said Egypt could share its expertise in maritime management, particularly from operating the Suez Canal's free zones. He offered Egypt's support in developing similar frameworks and joint ventures in Pakistan's maritime sector.

The envoy also praised the quality and competitiveness of Pakistani exports, including spices, pharmaceuticals, leather goods, wooden crafts, and rice, and expressed hope for growing bilateral trade across diverse sectors.

Both sides agreed that enhanced cooperation in maritime and industrial development would strengthen economic ties and promote greater regional integration across Asia, Africa, and the Middle East.