ISLAMABAD, Oct 26 (APP):Ambassador Extraordinary and Plenipotentiary of the Federal Democratic Republic of Ethiopia to Pakistan Oumer Hussein Oba called on Finance Minister Senator Muhammad Aurangzeb to discuss ways to enhance bilateral trade, investment and financial and banking connectivity between the two countries.
The ambassador was accompanied by Melaw Getachew, Minister Counsellor, and Ms. Kalkidan Tadesse, Political Diplomacy In-charge, said a press release issued by finance ministry.
They discussed matters of mutual interest, including connectivity, economic and financial cooperation, trade and investment.
The Finance Minister and the Ambassador exchanged views on the economic development experiences of Pakistan and Ethiopia, highlighting similarities in their economic structures and the importance of pursuing development approaches suited to domestic conditions.
They underscored the potential for sharing experiences and strengthening cooperation to support economic growth. The Finance Minister also briefed the Ambassador on the economic reforms currently underway in Pakistan, aimed at achieving lasting economic stability and laying the foundation for sustainable investment-led growth.
The discussion covered opportunities to strengthen bilateral trade and investment, with emphasis on improving financial and banking connectivity between the two countries. The Ambassador highlighted the importance of closer cooperation between the banking sectors to support greater trade and investment flows.
They also exchanged views on regional and global economic developments, including the implications of ongoing conflicts for energy supplies, fertiliser availability and food security. They discussed the challenges that disruptions to energy and fertiliser supply chains can pose for economies, particularly in relation to agricultural production and the continuity of economic activity.
The discussion underscored the importance of preparedness and cooperation in managing external shocks and safeguarding economic stability.
The two sides also discussed air connectivity between Pakistan and Ethiopia and its role in strengthening bilateral commercial and people-to-people links.
Senator Muhammad Aurangzeb reaffirmed Pakistan’s interest in strengthening economic relations with Ethiopia and expanding cooperation in areas of mutual interest. Both sides expressed their commitment to continued engagement to promote trade, investment, financial cooperation and stronger economic connectivity between the two countries.
Source: APP (Associated Press of Pakistan)
