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Pakistan and Egypt Strengthen Ties in Bilateral Meeting
In a significant diplomatic development, Ambassador Rizwan Saeed Sheikh, Additional Foreign Secretary (Middle East) of Pakistan, currently visiting Egypt, held a crucial meeting with Egyptian Assistant Foreign Minister for Asia, Ahmed Shaheen. The meeting, attended by Pakistan's Ambassador to Egypt, Ambassador Sajid Bilal, aimed at reviewing and enhancing the broad spectrum of bilateral relations between the two nations. Discussions encompassed political, trade, and investment ties, with a focus on reinforcing these connections. The officials explored avenues to further strengthen bilateral relations, proposing the convening of the next Joint Ministerial Commission meeting and Annual Bilateral Consultations later this year in Islamabad. Both sides commended the successful hosting of the Fourth Pakistan-Africa Trade Development Conference and Single Country Exhibition in Cairo from January 9 to 11, 2024. This event coincided with the 75th anniversary celebrations of the establishment of diplomatic relations between Pakistan and Egypt. The diplomats expressed mutual appreciation for the milestone and pledged to continue engaging and collaborating to advance cooperation and dialogue between the two countries for mutual benefit.
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The Pakistani rupee continued its upward trajectory against the US dollar, gaining 0.01% or Rs0.02, to close at Rs281.11, according to data from the State Bank of Pakistan (SBP). Over the past four months, the currency has appreciated by 9.25%, or almost Rs26, compared to its ...
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The sugar sector in Pakistan achieved a milestone with record earnings of Rs22 billion in the fiscal year 2023, marking a substantial 78% increase year-on-year. The surge in earnings is attributed to a rise in sugar prices, resulting in improved gross margins for the sector. ...
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