ISLAMABAD - A delegation of businessmen from Egypt visited Islamabad Chamber of Commerce & Industry (ICCI) for B2B meetings with Pakistani entrepreneurs having common interest in various fields.

These delegates were on visit to Pakistan for attending four-day 8th summit of the Developing 8 Muslim countries. The Egyptian delegates expressed interest in promoting trade and economic relations and stressed the need for close cooperation between the business sectors of the two countries. They said that the aim of their visit to ICCI was to explore the possibilities of investment potential in the fields of agriculture, food processing, textiles, engineering, chemicals, pharmaceuticals and building materials.

They said that both sides should share information about trade exhibitions and fairs, which could be the most feasible option for strengthening mutual economic, cultural, and trade ties between Egypt and Pakistan.

Speaking on the occasion, Zafar Bakhtawari, President ICCI said that Pakistan attaches great importance to its relations with Egypt as it is the land of great heroes, adding that both countries have lot of similarities and deep rooted in shared faith and values.

He said that it was quite disappointed on cancellation of visit of Egyptian President Mohammed Morsi, who was also scheduled to attend the D8 summit and address the parliamentarians in Pakistan. Bakhtawari was of the view that Egyptian President should have to visit Pakistan because his current visit to Islamabad could be a landmark in the traditional and friendly relations between the two major Muslim countries as there was no visit of any Egyptian President since 1983 while there were a number of visits from Pakistan side.

He said Pakistan was located at a strategic location and Egypt could enter Central Asian markets by developing better economic relations with Pakistan. President ICCI emphasised on the need of channelising the trade related information and cooperation in various sectors through regular exchange of business delegations and holding B2B meetings.

To accelerate the trade activities between the two countries, direct flights from Islamabad to Cairo, should be started which would definitely improve the bilateral relations between Pakistan and Egypt, Bakhtawari maintained.