Yet another Islamic country to make huge investment in Pakistan

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Yet another Islamic country to make huge investment in Pakistan

ISLAMABAD - Egypt , the leading African Islamic country to make huge investment worth Rs 150 billion in Pakistan.

Egypt keen to invest $1bn in Pakistan over the next one year in different sectors mainly in energy, building, Pharmaceutical, Halal Food and Tourism. The bilateral trade has an increasing trend, $260 million as compared to last year $200 million.

Both countries are enjoying good relations and there is need to further increase the bilateral exchange of delegation program and information.

These remarks were made by Egypt Ambassador Agmed Fadel Yacob during his visit to the Rawalpindi Chamber of Commerce and Industry (RCCI) here on Wednesday. He was accompanied by 16 member trade delegation headed by Ahmed Anter, Frist Undersecretary, and Head of Egyptian commercial service.

The envoy informed that Egypt will be declared Hepatitis free country by 2020 and urged Pakistan for joint ventures in Pharmaceutical and health sector. Egypt can help Pakistan to get rid of Hepatitis C.

There is a need to have enhanced Pak-Egypt cooperation in the area of healthcare, he added.

Pakistan