Ethiopia seeks collaboration with Pakistan in financial sector

Addis Ababa, December 12, 2023 (FBC) – Ethiopia on Tuesday sought collaboration with the Islamic Republic of Pakistan in the Financial Sector for attracting investment from Pakistani investors in its flourishing economy.

Jemal Beker Abdula, Ambassador Extraordinary and Plenipotentiary of Ethiopia to Pakistan, expressed the desire for the collaboration in a meeting with Federal Minister for Finance, Revenue, and Economic Affairs, Shamshad Akhtar.

During the meeting, both sides discussed matters of mutual interests including different initiatives to deepening the already flourishing bilateral ties between the two countries.

Ambassador Jemal Beker briefed the minister about the home grown economic reforms carried out by Prime Minister Abiy Ahmed in five major sectors including agriculture, agro-processing, manufacturing, mining, technology and tourism.

He also highlighted the initiatives taken by the Embassy of Ethiopia in Islamabad during its first year for strengthening the bilateral relations between the two countries through strong bilateral, regional and multilateral cooperation.

“Opening of Ethiopian Embassy in Pakistan is a game changer for Ethiopia-Pakistan bilateral relations,” the ambassador said, adding the arrival of Ethiopian Airlines in Karachi is another breakthrough in the two countries’ ties.

Exchange of multiple official and trade delegations between the two countries also took place during the maiden year of the Ethiopian Embassy in Islamabad, he said while highlighting the strong appetite on both sides for advancing partnership between Ethiopia and Pakistan.

The ambassador said he believed that the trade and investment relations would drive the bilateral ties between the two countries that shared so much in common.

Finance Minister Shamshad Akhtar congratulated the ambassador on opening the Embassy in the Islamic Republic of Pakistan, and arrival of Ethiopian Airlines in Pakistan.

She lauded the impressive reforms carried out by the FDR Ethiopia in the recent past and reiterated commitment of the government of Pakistan for strengthening bilateral relations with Ethiopia.

“We are glad to collaborate with Ethiopia for further strengthening its financial system,” the minister said while assuring all-out support to the ambassador for deepening economic cooperation between the two countries.