Pakistan’s Minister of Commerce, Jam Kamal Khan, emphasized Egypt’s significance as a potential investment market and a gateway to Africa. He highlighted the importance of exploring options to enhance economic cooperation through the use of national local currencies. Pakistan’s agriculture sector, with 45 million acres of land for investment, was also a focal point in his interview with Al-Masry Al-Youm.
Minister Khan underlined Prime Minister Shehbaz Sharif’s commitment to privatizing state-owned deficit companies. He discussed Egypt’s strategic partnership with Pakistan, citing a trade volume exceeding $400 million and the desire for Pakistani companies to invest in Egypt.
The recent International Food and Agriculture Exhibition in Karachi witnessed significant international participation, resulting in enhanced bilateral partnerships. Minister Khan expressed interest in exploring trade opportunities and cooperation with Egypt, Russia, and other countries.
Pakistan’s economic strategy includes prioritizing local self-sufficiency before catering to international markets. The government’s focus on privatization, energy challenges, and trade facilitation aims to boost the country’s economic potential.
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