Pakistan, Egypt hold talks to boost maritime trade

News Image

MG News | January 16, 2025 at 09:52 AM GMT+05:00

0:00

January 16, 2025 (MLN): In a significant step toward bolstering international cooperation, officials from the Pakistan and Egypt held discussions aimed at enhancing maritime trade and strengthening bilateral relations.

The discussions took place during a meeting between Ambassador of Egypt, Dr. Ehab Mohamed Abdel Hameed Hassan, and Federal Minister for Maritime Affairs, Qaiser Ahmed Sheikh, at his office.

Both sides emphasized the strong bonds between the two brotherly Muslim nations, recognizing the shared historical and cultural ties between Pakistan and Egypt, according to the press release.

They agreed that these commonalities offer a solid foundation for advancing cooperation in various sectors, particularly maritime affairs, which hold immense potential for economic growth.

The meeting underscored the significance of fostering robust trade relations and identified new avenues for investment in the maritime sector.

Both nations are committed to expanding their economic collaboration by leveraging their geostrategic positions and enhancing connectivity through seaborne trade.

The discussion also included the critical role of maritime affairs in regional and global trade dynamics.

Ambassador Dr. Ehab Hassan emphasized Egypt's expertise in managing its maritime industry, particularly the strategic significance of the Suez Canal, and offered Pakistan support in developing its maritime infrastructure and capabilities.

Federal Minister Qaiser Ahmed Sheikh appreciated Egypt's willingness to collaborate and shared Pakistan’s vision for modernizing its ports, increasing maritime trade, and creating investment-friendly opportunities in the blue economy.

Deputy Chief of Mission, Sameh Ahmed El-Ghomrawi, and Secretary of Maritime Affairs, Syed Zafar Ali Shah, were also present at the meeting.

They reaffirmed their commitment to fostering mutual understanding and cooperation between the two nations.

The discussions concluded with an agreement to explore further avenues for cooperation, with a focus on establishing a sustainable and mutually beneficial partnership.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 166,677.70
295.62M
0.79%
1304.39
ALLSHR 100,309.12
590.21M
0.65%
649.40
KSE30 50,855.17
184.12M
0.72%
361.13
KMI30 239,315.92
162.68M
0.94%
2217.63
KMIALLSHR 65,437.31
338.54M
0.87%
565.13
BKTi 45,391.23
48.89M
0.60%
270.74
OGTi 32,857.06
26.79M
1.29%
418.64
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 91,500.00 93,590.00
90,590.00
1145.00
1.27%
BRENT CRUDE 62.32 63.39
62.12
-0.55
-0.87%
RICHARDS BAY COAL MONTHLY 91.00 91.00
89.00
2.00
2.25%
ROTTERDAM COAL MONTHLY 99.00 99.00
96.85
1.70
1.75%
USD RBD PALM OLEIN 1,016.00 1,016.00
1,016.00
0.00
0.00%
CRUDE OIL - WTI 58.48 59.64
58.27
-0.17
-0.29%
SUGAR #11 WORLD 15.21 15.29
15.08
0.07
0.46%

Chart of the Day


Latest News
November 30, 2025 at 08:49 AM GMT+05:00

Weekly Market Roundup


November 29, 2025 at 01:02 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


November 28, 2025 at 08:43 PM GMT+05:00

Inflation to hover around 5-6% in November



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg