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Egyptian FM meets Zardari, expresses ‘keen interest’ in expanding partnership with Pakistan in multiple fields

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Egyptian Foreign Minister Badr Abdelatty met President Asif Ali Zardari on Sunday and expressed his country’s “keen interest” in expanding partnership with Pakistan in various fields, according to a statement issued by the President’s Secretariat.

Abdelatty arrived in Islamabad last night for a two-day official visit and called on Zardari at Aiwan-i-Sadr after meeting Foreign Minister Ishaq Dar earlier today.

The statement by the President’s Secretariat said Zardari told the Egyptian FM that “Pakistan values its longstanding ties with Egypt, which are rooted in shared faith and mutual respect, and looks forward to advancing the relationship in a more structured and forward-looking direction”.

He also conveyed warm greetings for Egyptian President Abdel Fattah El Sisi.

According to the statement, the president noted that “this year marks 77 years of diplomatic relations between the two countries and expressed the hope that both sides will reinvigorate cooperation in trade, investment and people-to-people exchanges”.

He encouraged greater Egyptian investment in sectors where opportunities are expanding, including energy, logistics, construction, agriculture, mining and IT, the statement said.

For his part, Abdelatty delivered a message from the Egyptian president and expressed “Egypt’s keen interest in expanding its partnership with Pakistan in various fields”, it added.

The two sides also exchanged views on key regional and international issues, reaffirming their resolve to work together for peace, stability, and prosperity.

The statement said earlier, the two leaders also held a one-on-one meeting and exchanged views on key issues of mutual interest.

Pakistan to share list of 250 business houses

Before meeting with Zardari, Abdelatty also met Dar separately and the two addressed a joint press conference.

Dar said during the press conference that he and Abdelatty had a “very, very focused discussion” today on how their nations could contribute to elevating the business-to-business upscaling of the bilateral activities, which the deputy PM termed as “surely not commensurate”, with around $300 million.

“With the depth and the affection the two countries have, […] Pakistan will share with Egypt a comprehensive list of 250 Pakistani business houses representing key sectors of the economy,” Dar announced.

“These businesses will be facilitated and supported to enhance bilateral commercial engagement,” the deputy premier highlighted.

The deputy PM detailed that the business houses will be chosen from “across the board” and through due consultation.

The list of businesses “representing each sector of the economy” will be initially prepared by the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) in collaboration with the other chambers of commerce. Dar asserted there would be a “very transparent selection of those who really deserve and are willing to work and cooperate, and enhance the business”.

The businesses, after “due diligence in Egypt”, would be declared as the “white list”, Dar said. Noting that the foreign ministry was receiving complaints of waiting too long to obtain a business visa “very frequently”, the minister said those concerns will “cease at least to the extent of these top 250” businesses.

Dar further said that in the three-month period after three months have passed since the first list, Islamabad would select another 250 businesses to take the original list to 500.

He added that the Egyptian FM had also agreed to “process the list and that would again be added to the existing white list at that time from 250 to 500”.

The deputy PM went on to announce that a Pakistan-Egypt Business Council will be established after that to institutionalise private sector cooperation and to promote mutually beneficial commercial partnership and B2B business promotion between Pakistan and Egypt.

“Once these two steps are done, Pakistan and Egyptian Business Forum will also be established,” Dar stated, adding that it would be co-chaired by the two foreign ministers.

Its first meeting would be convened in Cairo in the second quarter of 2026, to advance trade, investment and economic collaboration.

Dar also acknowledged with “little embarrassment” that the Pakistan-Egypt Joint Ministerial Commission had not met since 2010, and neither had the two countries held bilateral political consultations.

Therefore, it was decided that the political consultations would be held in the first quarter of 2026, with Egypt nominating an assistant minister to head its delegation, while the Pakistani team would be led by the foreign secretary.

“They will do the entire preparatory work and agenda for the Joint Ministerial Commission meeting, which has not taken place in 15 years, to be held in the second quarter of 2026,” Dar explained.

“Discussions today reaffirm the strength of Pakistan-Egypt relations, and our shared commitment to further enhance bilateral cooperation across political, economic, defence, cultural and people-to-people domains,” Dar said.

“We agreed to work towards a more structured framework of cooperation and to explore new avenues of partnership,” the deputy premier noted, adding he was confident that the visit would “open new avenues of practical cooperation” between the two countries.

Dar noted that the two leaders also assessed the regional developments, with “particular focus on the grave situation in Gaza”.

“Pakistan appreciates Egypt’s vital role in humanitarian support, mediation efforts and diplomatic engagement to uphold the ceasefire and safeguard the rights of the Palestinian people.”

“Pakistan values Egypt as a key partner in the Muslim world and looks forward to continued engagement at all levels,” Dar affirmed.

The two ministers also discussed India-occupied Kashmir, Afghanistan and cooperation at multilateral fora.

Dar noted Abdelatty’s visit reflected the “longstanding friendship” between the brotherly countries of Pakistan and Egypt.

The foreign minister said his Egyptian counterpart also announced the doubling of scholarships this year for Pakistani scholars who wish to study in Al Azhar University.

“While staying in the religious domain, Al Azhar University [offers] courses on how to eliminate terrorism,” Dar pointed out, adding that scholars would learn how to tackle the menace as per religious teachings.

The deputy premier went on to mention that he and Abdelatty met frequently on the sidelines of various global moots this year: “This year, we have met at least half a dozen times if I’m not wrong.”

Islamabad, Cairo agree to intensify coordination to counter cross-border terrorism

At the outset of his remarks, Abdelatty conveyed Egypt’s condolences over the “tragic loss of lives and injuries” in the recent terrorist attacks in Islamabad and Peshawar.

“We stand in full solidarity with Pakistan in the fight against violent extremism and terrorism,” the Egyptian top diplomat affirmed.

“The issue of fighting terrorism is extremely important and we stand ready to share with our brothers and sisters here in Pakistan our very successful experience in fighting terrorism through a holistic approach focusing not only on the security dimension, but also socio-economic dimensions, as well as fighting extremist ideology through the very moderate religious institutions in Egypt, notably the Al-Azhar al-Sharif, Dar Al Ifta and the Ministry of Waqf.”

The Egyptian FM said, “In the security domain, we have agreed to intensify our coordination to counter cross-border terrorism and extremism.

“Furthermore, we are eager to leverage this spiritual and intellectual leadership of Al-Azhar al-Sharif to strengthen our joint efforts in promoting moderate discourse and combatting extremist ideology,” he added.

Terming the discussions “extensive and constructive”, Abdelatty said they focused on how to “enhance the partnership that exists between Egypt and Pakistan, and reaffirm our commitment to further strengthen and deepen bilateral cooperation across all areas, including political dialogue, economic partnership, trade, investment, security and defence cooperation, and cultural and educational exchanges”.

‘Agreed to intensify coordination on the Palestinian cause’

The two ministers also exchanged views on regional and international developments, stressing the “importance of peaceful resolution of conflicts, respect for sovereignty, and adherence to the principles of international law and the UN charter”.

“This visit comes at a pivotal moment of our region,” Abdelatty said, recalling that Egypt, alongside Pakistan and other countries, “mediated and voted” on the Gaza ceasefire agreement that was signed in Sharm El-Sheikh.

“Egypt will continue uncompromising efforts to resolve the Israeli-Palestinian conflict according to international law and UN Security Council resolutions, and we are working very hard with Pakistan on that.“

The Egyptian FM asserted that the two-state solution was the “only viable path towards genuine and lasting regional stability, which could only be achieved through the creation of a sovereign, viable and independent Palestinian state based on the UN pre-1967 borders with East Jerusalem as its capital”.

“It is within this context we agreed to intensify our coordination and consultations on the Palestinian cause, particularly the situation in the West Bank and in the Gaza Strip,” he added, appreciating Pakistan’s “unwavering solidarity and support for Egypt’s efforts to achieve a just and lasting solution to the Palestinian cause”.

Abdelatty went on to invite Pakistan to an upcoming conference on the reconstruction of Gaza.

“I reiterated Egypt’s willingness to work closely with Pakistan to address global challenges, from countering terrorism to climate change to food security,” the diplomat said.

Abdelatty appreciated Pakistan’s “steadfast support in various multilateral forums”, affirming that Cairo remained committed to close coordination on issues of mutual concern.

Sky’s the limit for our cooperation: Egypt FM

Addressing the media prior to his meeting with Dar, FM Abdelatty termed Pakistan his “second home country”.

“I would also like to convey our deep appreciation of our very cordial relation with Pakistan,” he said, acknowledging “common challenges” on the economic, political and security levels.

“That, of course, encourages us to work together and to cooperate in terms of exchange of best practices and expertise to help each other, and to confirm that stability and peace and development are the main pillars of our strategic partnership,” Abdelatty said.

“We would like to elevate our relationship to the strategic level,” the minister added.

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Noting that President Abdel Fattah El-Sisi had instructed him to further enhance bilateral cooperation with Islamabad, Abdelatty said, “Sky’s the limit for our cooperation.”

He expressed Egypt’s willingness to “reinvigorate the existing institutional mechanism of dialogue and cooperation” between Pakistan and Egypt, especially the JMC.

“So it’s timely now to convene the upcoming joint committee meeting. We would also like to agree on a roadmap for our cooperation, which will cover all areas of cooperation — political, economic, investment, trade, security, religious and cultural dimensions.”

“Pakistan holds its relations with Egypt in very high regard and we view this visit as an important opportunity to advance our common objective,” the deputy premier highlighted.

“I appreciate the positive momentum in our recent engagements at different levels, including our interactions on the margins of regional and multilateral fora around the globe,” he added.

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“Egyptian and Pakistani brotherhood is broadly known all over the world,” he said, adding that both he and Abdelatty had a great responsibility to take their countries’ diplomatic, economic, trade, business, security, and defence relations to a “much higher level”.

Earlier today, Dar received FM Abdelatty upon his arrival at the Ministry of Foreign Affairs, the Foreign Office said on social media platform X.


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ADB approves $381m for 3 projects concerning agriculture, education and health services in Punjab – Pakistan

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The Asian Development Bank on Saturday approved three projects totalling $381 million concerning agriculture, education and health services in Punjab.

According to a press release, the development projects are aimed at fostering economic growth in the province.

“Investing in education, health, and agricultural mechanisation will play a transformative role in driving the growth of Punjab, a vital pillar of Pakistan’s economy,“ ADB Country Director for Pakistan Emma Fan was quoted as saying.

“These strategic investments will modernise agriculture, enhance human capital, and significantly improve livelihoods for millions of people across Punjab,” she said.

According to the handout, a $120 million concessional loan and $4 million grant have been allocated for the Punjab Climate-Resilient and Low-Carbon Agriculture Mechanisation Project to accelerate the province’s transition to modern, disaster-resilient, and low-carbon agriculture practices, benefiting 220,000 rural farm households.

“The project will help mechanise farming and provide alternative livelihoods for agricultural workers, including through boosting the knowledge and skills of 15,000 women. It will introduce a new financing model for farm mechanisation service providers to equip small-scale farmers with advanced machinery,” the ADB said.

The Bank also approved $107m for the Responsive, Ready, and Resilient Science, Technology, Engineering, and Mathematics Secondary Education in Punjab Programme.

“This includes a $7m grant from ADB’s Asian Development Fund and a $100m loan from ADB’s ordinary concessional capital resources. The results-based programme aims to modernise secondary education by enhancing inclusive science, technology, engineering, and mathematics (STEM) education across Punjab. The project, implemented by the Punjab School Education Department, will improve access to quality education for students across the province,” it said.

Further, the ADB approved a $150m concessional loan for the Punjab Nursing and Health Workforce Reform Programme to enhance nursing education, develop disaster-resilient training facilities, and strengthen health workforce governance in Punjab.

It noted that Pakistan faced a shortage of qualified nurses while the global demand for trained nurses was growing.

“Modernising the nursing sector will meet national and international demands. The results-based programme will focus on upgrading nursing curricula, expanding faculty development initiatives, and implementing a digital human resource management information system to align workforce planning with healthcare service needs. By expanding the pool of qualified nurses, predominantly women, the program will improve health service delivery across the province,” it said.

It said that key components of the nursing programme included the establishment of three centres of excellence in Lahore, Multan, and Rawalpindi.

“These centres will feature state-of-the-art simulation laboratories, digital learning platforms, and gender-responsive hostels, addressing Punjab’s demand for skilled healthcare workforce capable of meeting growing local needs and employment opportunities abroad,” it said.



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IMF’s Executive Board to meet on Dec 8 to approve disbursement of $1.2bn to Pakistan – Business

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The International Monetary Fund’s (IMF) Executive Board will meet on December 8 (Monday) to approve $1.2 billion in loans to Pakistan.

The IMF had reached a staff-level agreement with Pakistan on its loan programmes in October after extensive talks were held in Karachi, Islamabad and Washington from September 24 to October 8.

The agreement still requires approval from IMF’s Executive Board before funds can be released.

If approved, it would unlock about $1.2 billion in fresh financing for the country; roughly $1 billion under the Extended Fund Facility (EFF) and another $200 million under the Resilience and Sustainability Facility (RSF).

The IMF confirmed the date of the meeting in a brief announcement on Friday. The official calendar posted on the IMF website also showed the Executive Board would review Pakistan’s loan programmes.

Negotiations between Islamabad and the lending agency, led by IMF mission chief Iva Petrova, had focused on Pakistan’s fiscal performance, monetary stance, structural reforms and progress on climate-related commitments.

In its earlier assessment, the IMF noted that Pakistan had made “strong progress” in fiscal consolidation, reducing inflation and strengthening external buffers. It also acknowledged the State Bank of Pakistan’s (SBP) continued tight monetary policy, which has played a key role in anchoring inflation expectations.

Structural reforms — especially those related to state-owned enterprises, energy-sector viability, competition and public-service delivery — were cited as areas where the authorities had demonstrated continued commitment.

The Fund also pointed to advances under the RSF-supported climate agenda, including efforts to enhance resilience to natural disasters, strengthen water-resource management and improve the country’s climate-information systems.

These reforms have taken on greater urgency following recent floods that caused widespread damage to agriculture, infrastructure and livelihoods.

Approval of the reviews is widely expected to bolster investor confidence at a critical moment, as Pakistan continues to stabilise its economy amid external pressures and the lingering effects of flood damage.

Islamabad has been under sustained pressure to maintain fiscal discipline, accelerate energy-sector reforms and continue revenue-mobilisation measures to ensure longer-term stability.

The IMF has warned, however, that risks remain elevated. The economic outlook has been tempered by flood-related losses, and the Fund has emphasised that monetary policy must remain “appropriately tight and data-dependent” to keep inflation within the SBP’s target range.

It has also stressed the need for steady implementation of reforms to strengthen competition, enhance productivity, improve public services and reduce persistent vulnerabilities in the energy sector.

If the Board grants its approval on December 8, Pakistan could receive the disbursement as early as the following day.

Officials in Islamabad hope the inflow will reinforce external buffers, support economic recovery and signal continued international confidence in the government’s reform agenda.

Key report released ahead of meeting

Ahead of the meeting, the IMF released its long-awaited Governance and Corruption Diagnostic Assessment (GCDA), in which it highlighted persistent corruption challenges in Pakistan driven by systemic weaknesses across state institutions and demanded immediate initiation of a 15-point reform agenda to improve transparency, fairness and integrity.

The report, publication of which is a precondition for the IMF Executive Board’s approval of the loan programmes, estimated that Pakistan could boost economic growth by about 5 to 6.5 per cent over five years if it implements a package of governance reforms beginning within the next three to six months.

The report led to criticism of the government, and opposition parties called for a probe into the “worst financial scandal of Pakistan’s history”.

However, Finance Minister Muhammad Aurangzeb stated last week that the report was “not criticism” but a “catalyst for accelerating long-overdue reforms”.

He maintained that the report acknowledged significant progress in sectors including taxation and governance, and that many of its priority recommendations were “already work in progress”.

The finance minister further said the government was committed to implementing the remaining recommendations as part of broader institutional reforms essential to sustaining Pakistan’s economic turnaround.



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Edible oil, wheat flour fuel SPI – Business

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ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), increased four per cent year-on-year in the week ending Dec 4, owing to an increase in the retail price of edible oil and wheat flour in the domestic market.

The SPI-based inflation has been on an upward trend for the past 18 consecutive weeks. A surge in the prices of perishable products, LPG cylinders, and electricity mainly drives the increase.

It, however, declined by 0.64pc from the previous week due to a slight dec­line in prices of tomatoes, potatoes and onions, official data showed on Friday.

The prices of tomatoes, onions, and potatoes rose sharply due to supply disruptions caused by the closure of the border with Afghanistan. The extraordinary spike in the retail prices of sugar and meat also contributed to fuel the short-term inflation.

The weekly inflation hit a record 48.35pc year-on-year in early May 2023, but then decelerated to 24.4pc in late August 2023 before surging past 40pc during the week ending Nov 16, 2023.

The items whose prices increased the most over the previous week included LPG (3.50pc), garlic (1.86pc), cooking oil 5 litre (1.54pc), eggs (0.81pc), bread (0.57pc), vegetable ghee 1 kg (0.40pc), powdered milk (0.36pc), bananas and wheat flour (0.28pc) each and cigarettes (0.25pc).

The items whose prices saw a decline week-on-week included tomatoes (30.11pc), onions (12.41pc), potatoes (6.92pc), chicken (4.46pc), sugar (3.31pc), diesel (1.67pc), pulse gram (1.55pc), pulse masoor (1.33pc), gur (1pc) and petrol (0.73pc).

However, on an annual basis, the items whose prices increased the most included sugar (37.49pc), gas charges for Q1 (29.85pc), wheat flour (17.50pc), gur (15.06pc), beef (13.47pc), firewood (12.59pc), bananas (11.06pc), powdered milk (9.03pc), diesel (8.42pc), lawn printed (8.29pc), cooking oil 5 litre (8.19pc) and vegetable ghee 2.5 kg (7.59pc).

In contrast, the prices of potatoes dropped 40.47pc, followed by garlic (38.51pc), tomatoes (31.51pc), onions (29.87pc), pulse gram (29.54pc), tea Lipton (17.79pc), pulse mash (13.82pc), electricity charges for Q1 (8.40pc) and salt powder (5.13pc).

Published in Dawn, December 6th, 2025



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