Qureshi briefs Egyptian President Abdel Fattah Al Sisi on Pakistan’s
shifting focus from geo-politics to geo-economics

CAIRO, (MANEND NEWS): During his ongoing visit to Cairo, Foreign
Minister Makhdoom Shah Mahmood Qureshi called on the President of
Egypt, Abdel Fattah Al Sisi on Wednesday.
The Foreign Minister conveyed warm greetings of Pakistan’s leadership
to the Egyptian President. He appreciated the stability and progress
achieved by Egypt under his able leadership.
Foreign Minister Qureshi briefed the President on Pakistan’s shifting
focus from geo-politics to geo-economics. He stressed that the vision
of “Naya Pakistan” was predicated on economic connectivity and

ensuring peace within and beyond our borders. He said Pakistan would
always look to be a partner in peace and progress.
Recalling the decades old warm bilateral ties between the two
countries, Foreign Minister Qureshi expressed Pakistan’s desire to
further strengthen and diversify bilateral ties. Foreign Minister said his
visit indicated Pakistan’s keenness to reinvigorate traditional bilateral
relationship rooted in shared faith, culture and values. He briefed the
President on various opportunities to strengthen mutual ties, in
bilateral and multilateral arena. Expressing satisfaction at the growing
bilateral defense ties, the Foreign Minister said that the two countries
could also share their experience in countering terrorism and
extremism.
The Foreign Minister briefed the President on the situation in Pakistan’s
neighborhood, in particular Pakistan’s efforts to facilitate the Afghan
Peace Process, the ongoing human rights violations in the Indian
Illegally Occupied Jammu and Kashmir (IIOJK), and continued denial
of the Kashmiri people’s legitimate right to self-determination.
Stressing that Pakistan always supported resolution of differences
through dialogue and diplomacy, the Foreign Minister appreciated
Egypt’s recent efforts in the region.
The President welcomed the Foreign Minister and reciprocated the
warm feelings of the Pakistani leadership. He fondly recalled his recent
interactions with Prime Minister Imran Khan. President Sisi expressed
hope that the visit of Foreign Minister Qureshi would pave the way for
enhanced bilateral ties and dynamic multilateral cooperation.
The Foreign Minister presented the invitation of President Dr. Arif Alvi
to the Egyptian President to visit Pakistan. President Sisi graciously
accepted the invitation and promised to visit at the earliest
opportunity.
Meanwhile upon his arrival in Cairo, Foreign Minister Makhdoom Shah
Mahmood Qureshi met leading Egyptian businessmen and investors at
a dinner.
The Foreign Minister outlined the government’s focus on Economic
Diplomacy and the steps taken to create a favorable business and
investment climate in the country. He underscored the opportunities
existing in diverse areas in Pakistan for Egyptian businessmen and
investors, in particular in the energy, construction, pharmaceutical,

tourism, Informational Technology and logistics sectors. He stressed
that leading multinational companies were consistently showing higher
profits in Pakistan, as compared to their global average.
The Foreign Minister emphasized the importance of enhanced
collaboration between business communities of the two countries. He
accorded priority to the revival of Pakistan-Egypt Joint Business
Council (JBC).
The Egyptian businessmen and investors shared their perspectives on
various opportunities and suggested ways to enhance bilateral
cooperation in trade and investment.
The delegation comprised key Egyptian investors, including El Sewedy
Electric, which is keen on investing in Pakistan’s power distribution
sector; and the tech-startup Swvl. Other businessmen included the
Secretary General of Federation of Egyptian Chambers of Commerce,
Chairman of Foreign Trade Association and Chairman Expolink.
The President and CEO of El-Sewedy Electric, Ahmed El Sewedy, also
called on Foreign Minister Qureshi separately. In the meeting, he
briefed the Foreign Minister about the company’s investment strategy
and aspirations in Pakistan. He said a team of experts would soon visit
Pakistan to identify priority areas for investment.
Economic diplomacy remains a priority for the Foreign Minister during
his ongoing visit to Egypt (16-18 February 2021).

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