- Currently the annual trade volume between the two countries is estimated to be between USD 7 million and USD 8 million. In view of the existing potential to expand bilateral trade, both countries have set a bilateral trade target of USD 300 million per year.
Ethiopia and Pakistan have decided to step up bilateral trade. Currently, the annual trade volume between the two countries is estimated to be between USD 7 million and USD 8 million. In view of the existing potential to expand bilateral trade, both countries have set a bilateral trade target of USD 300 million per year.
Ethiopian Investment Commission’s (EIC) Commissioner Lelise Nemie disclosed that Pakistan’s Arif Habib Group has evinced interest to invest in cement, fertilizer, and steel manufacturing in Ethiopia. This was conveyed when she met with the CEO of the Group Muhammad Kashif and Ethiopian Ambassador to Pakistan H.E Jamal Baker recently.
Arif Habib Group, one of the leading multi-sector groups in Pakistan, has business interests in securities brokerage, investment and financial advisory, private equity, investment management, fertilizer manufacturing, cement, steel, real estate, dairy, energy, and textile mills.
Also read;
https://trendsnafrica.com/ethiopia-set-to-establish-its-permanent-mission-in-pakistan/
https://trendsnafrica.com/pakistan-egypt-economic-ties-on-the-rise/
A business delegation from Pakistan is in Ethiopia currently, to explore trade and investment opportunities.
