ISLAMABAD: Islamabad and Cairo have agreed to establish a Pakistan-Egypt Business Council to institutionalize private sector cooperation and promote business-to-business relations between the two nations, Deputy Prime Minister Ishaq Dar announced on Sunday.
Dar was speaking at a joint press stakeout with Egyptian Foreign Minister Dr. Badr Ahmed Mohamed Abdelatty, who arrived in Islamabad on Saturday to review defense, economic and diplomatic relations between the two states.
Dar said Pakistan will hand over a list of 250 business houses, representing key sectors of the economy, to Egypt to boost commercial engagement. Cairo, in turn, will facilitate these businesses to enhance bilateral commercial engagement. Dar said six months later, another 250 businesses will be added to this list.
“After that, a new Pakistan-Egypt Business Council will be established to institutionalize private sector cooperation and to promote mutually beneficial commercial partnership and B2B business promotion between Pakistan and Egypt,” Dar told reporters.
He said once these two steps are taken, a Pakistan and Egypt Business Forum will also be established which will be co-chaired by Abdelatty and Dar.
