HomeNewsEgypt Plans to Invest $1 Billion in #Pakistan

Egypt Plans to Invest $1 Billion in #Pakistan

Egypt is looking to invest $1 billion in Pakistan in the coming year. The investment will be made in energy, building, pharmaceutical, halal food, and tourism sectors.

According to Ahmed Fadel Yaqoob, the ambassador of Egypt to Pakistan, Egypt enjoys strong bilateral relations with Pakistan and looks forward to boosting bilateral cooperation.

On Wednesday, Ahmed Fadel Yaqoob visited the Rawalpindi Chamber of Commerce and Industry (RCCI). A team of 16 Egyptian businessmen headed by Ahmed Anter, First Undersecretary and Head of Egyptian commercial service, also accompanied the Egyptian ambassador.

The businessmen are looking to participate in RCCI International Rawal Expo 2020 which will be held in March next year.

Talking to the members of RCCI, the ambassador said that Egypt will become a Hepatitis free country in 2020. Egypt is willing to offer its services to Pakistan to become a Hepatitis free country as well. The ambassador underscored the need to undertake joint measures in health and pharmaceutical sectors to bring down the number of hepatitis cases in Pakistan.

To explore investment opportunities in Pakistan, a joint working group has been founded between Egypt and Pakistan. Reciprocating Egypt’s investment plans, the Ministry of Commerce announced to provide incentives to Pakistani companies eager to invest in Africa.

At the moment, Pakistan exports only rice, cement, pharmaceuticals, textiles, surgical and sports goods to African countries.

To increase Pakistan’s exports to Africa, a Business Africa Trade Forum was organized in February this year

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  1. This is the Time for the China-Africa Revolution – with these 9 steps

    The USA and Russia do not have Africa,on their Radar – no time and no funds.The EU has no cash,and PRC
    has recovered from COVID,and has abundant cash.This is the time for the China-Africa Reinassance.The
    aim has to be to control Africa trade and finance,and thus,the shipping routes and the Horn of Africa.If some Indian clown chokes Malacca,PRC can choke The Horn of Africa. Simple !

    COVID has made manufacturing obsolete in EU,and PRC has to lower its cost of production.The Solution is to
    shift PRC manufacturing to Africa,with a mix of Chinese and African staff,to avail of LDC benefits, to export to EU and PRC.Exports from Africa to EU,will be HAVE MUCH LOWER COST OF PRODUCTION, AND ALSO, VERY LOW FREIGHT COSTS,AND WILL BE ENTITLED TO EU GRANTS,SUBSIDIES AND SOFT LOANS. This will WIPE OUT ALL the EXPORTS FROM INDIA,TO THE EU.India has neither the funds nor the resolve and intellect,to replicate the abovesaid model.dindooohindoo

    PRC companies in the mainland,can go up the value chain of manufacturing,with AI and Robotics,and outsource all “other manufacturing” to Africa,in Chinese companies,who have JVs with Africans.These companies will be funded by Chinese Banks,and their banking gains in Africa,will offset the NPAs of Chinese Banks,in the PRC.In the 1st step, the manufacturing in Africa,is for PRC,and then the same factory,is to be used ,for exports to EU,with LDC gains.

    Each African nation has 1 VOTE IN THE UN,and ROTATE SEATS ON THE UNHRC – and will be a strategic counter, to the USA and the Indians.

    PRC also has to ramp Defense exports to the African region,via JVs with Pakistani Ordinance factories – again
    to wipe out the Indian Defense exports – which are in any case,pure trash.With Chinese technology in African defense,it will become an extension of the PLA.

    The African Banking sector is bankrupt,and the Insurance companies are costly and expensive.This is the time,for the Chinese to swoop in,and also,INCLUDE MICRO CREDIT AND HEALTH INSURANCE.Africans have a natural immunity to diseases – and universal health care in Africa – with funding from WB,IMF and WHO and EU,could be the game changer for PRC,alongwith Micro Credit – which will connect PRC,with the African populace.

    The Chinese have NOT invested in AFRICAN EDUCATION.PRC has to invest in HIGHER AND SPECIALISED EDUCATION,AND NOT PRIMARY EDUCATION.The strategy is akin to the methods used by the Americans and The EU,who brainwash the overseas students in their universities -who are studying free of cost.These students will 1 day,be the political leaders of Africa.

    The Chinese has to invest in the Chinese language education from the Primary Education stage in Africa,and then,in Afican tourism,using Chinese Infra and Entertainment companies,EXCLUSIVELY FOR CHINESE TOURISTS.

    Lastly the PRC has to educate the good Africans,about the worth of the Indians.It was Idi Amin who assessed the worth of the Indians – a man who saw the future.Indians are the bania shopkeepers,money lenders and counterfeiters.They doomed the entire South African economy (The Gupta vermin scum and Zuma).

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