Ethiopia Seeks Financial Sector Collaboration with Pakistan: Ethiopian Envoy

December 12, 2023 at 6:24 PM
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ISLAMABAD: Ambassador of the Federal Democratic Republic of Ethiopia (FDRE) Jemal Beker Abdula has said that Ethiopia wanted to have a long-lasting collaboration with the Islamic Republic of Pakistan in the Financial Sector to attract investment from Pakistani investors in its flourishing economy.

The Ambassador said this in a meeting with Federal Minister for Finance, Revenue, and Economic Affairs Dr. Shamshad Akhtar here on Tuesday, where both the dignitaries also discussed matters of mutual interests, including different initiatives to extend the already flourishing bilateral ties between the two sides.

Meanwhile, the Ambassador apprised the finance minister about the homegrown economic reforms carried out by the Prime Minister of Ethiopia Dr. Abiy Ahmed, in five major sectors: agriculture, agro-processing, mining, manufacturing, technology, and tourism.

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Expanding Financial Collaboration Between Ethiopia and Pakistan

Jemal Beker Abdula also underlined the initiatives taken by the Embassy of the FDR Ethiopia in Islamabad during its first year to strengthen the mutual relations between the two sides through strong, friendly bilateral, regional, and multilateral cooperation.

“Opening of the Ethiopian Embassy in Pakistan is a game changer for both Pakistan and Ethiopia,” he said, adding that the arrival of Ethiopian Airlines in Karachi is another breakthrough in strengthening ties between the two countries.

The envoy further said that the exchange of multiple official and trade delegations between the two sides that took place during the maiden year of the Ethiopian Embassy in Islamabad which helped to highlight the strong appetite on both sides for advancing the partnership between Pakistan and Ethiopia.

He added that the trade and investment linkages between the two countries would drive the mutual relations to a new height in the future.

Meanwhile, Finance Minister Dr. Shamshad Akhtar congratulated Jemal Beker Abdula on opening the Embassy in the Islamic Republic of Pakistan and the arrival of Ethiopian Airlines in Pakistan.

The minister appreciated the impressive reforms carried out by FDR Ethiopia in the recent past and reiterated the commitment of the government of Pakistan for consolidating bilateral relations with Ethiopia.

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