Pakistan, Egypt agree to deepen cooperation on economic reforms

January 23, 2026 (MLN): Pakistan and Egypt have agreed to strengthen bilateral cooperation through knowledge sharing and continued dialogue to support their respective economic reform agendas, particularly in areas such as taxation, governance, and revenue administration.

The understanding was reached during a meeting between Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb and Egypt’s Minister of Finance Ahmed Kouchouk, held on the sidelines of the World Economic Forum Annual Meeting in Davos, according to a press release issued.

The discussions focused on enhancing collaboration, exchanging reform experiences, and promoting mutual learning between the two countries.

The Egyptian finance minister praised Pakistan’s ongoing reform efforts, especially in the taxation sector, and expressed confidence in the direction of the reforms currently underway.

Mr. Kouchouk also conveyed his interest in visiting Pakistan and highlighted the value of direct engagement between partner countries to share practical experiences and lessons learned.

He noted that both Pakistan and Egypt possessed valuable reform insights and stressed the importance of sustained interaction and dialogue.

Both sides agreed to remain in close contact and to designate focal persons to facilitate follow-up engagement, with the aim of agreeing on a suitable timeline for future interactions.

Senator Muhammad Aurangzeb welcomed the positive remarks and said Pakistan was actively pursuing reforms, including technology-driven initiatives to improve governance and revenue administration.

He acknowledged the challenges involved but noted that steady progress was being made.

The finance minister also briefed his Egyptian counterpart on Pakistan’s ongoing engagement with international financial institutions, stating that the country was midway through its current programme and that key economic indicators were showing positive trends.

The two ministers concluded that sharing experiences particularly in taxation and reform implementation was critical for achieving sustainable outcomes.

They emphasized that learning from peer countries was more effective than externally driven prescriptions and reaffirmed their commitment to deepening cooperation through structured and continued engagement.

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