Pakistan, Ethiopia explore stronger trade, banking and air links
MG News | October 26, 2026 at 04:55 PM GMT+05:00
October 26, 2026 (MLN): Pakistan and Ethiopia have agreed to continue engagement to
strengthen trade, investment, financial cooperation and economic connectivity,
with both sides looking at closer banking links and improved air connectivity
to boost commercial and people-to-people ties.
Finance Minister Senator Muhammad
Aurangzeb reaffirmed Pakistan’s interest in expanding economic relations with Ethiopia,
while the two sides also reviewed the impact of ongoing global conflicts on
energy supplies, fertiliser availability and food security.
Ethiopian Ambassador to Pakistan Dr. Oumer Hussein Oba called on the Federal
Minister for Finance and Revenue, accompanied by Minister Counsellor Melaw
Getachew and Political Diplomacy In-charge Kalkidan Tadesse, said a press release
issued.
The two sides discussed connectivity, economic and financial cooperation,
trade and investment, and compared the development experiences of both
countries, noting similarities in their economic structures and the need for
approaches suited to domestic conditions.
Senator Aurangzeb briefed the ambassador on Pakistan’s ongoing economic
reforms, which aim to secure lasting stability and lay the groundwork for
sustainable, investment-led growth.
The ambassador stressed that closer cooperation between the two banking
sectors would support higher trade and investment flows.
The two sides also noted that disruptions to energy and fertiliser supply
chains could hurt agricultural production and economic activity, and stressed
preparedness and cooperation in managing external shocks and safeguarding
stability.
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