Pakistan, Africa target $15bn bilateral trade by 2030

September 14, 2026 (MLN): Pakistan and African countries have reaffirmed their target of raising bilateral trade to $15 billion by 2030 as both sides seek to diversify economic relations and tap untapped investment opportunities.

The commitment was reiterated at the launch ceremony of the Pakistan-Africa Economic Council (PAEC) in Islamabad, attended by ambassadors, high commissioners and consuls general from several African countries.

The two sides agreed to promote mutual investment and strengthen trade ties by exploiting opportunities across sectors where Pakistan has export potential.

Representatives from Rwanda, Mauritius, Morocco, Zimbabwe, Sudan, Kenya and Ethiopia attended the ceremony, said a press release issued.

Speakers highlighted several Pakistani sectors offering potential for expansion in African markets, while emphasizing the need to strengthen commercial engagement between the two sides.

Federal Minister for Defence Production Muhammad Raza Hayat Harraj said the new forum would contribute toward strengthening economic and trade relations between Pakistan and African countries.

Governor Khyber Pakhtunkhwa Faisal Karim Kundi said the growing African market and Pakistan’s emerging economy offered significant potential for mutual growth.

The $15bn target would require a substantial expansion in two-way trade and greater diversification beyond existing trade flows, with investment and market access expected to remain key drivers of future growth.

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