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2 clusters · 5 sources · 4 days · First seen 9 days ago · Last updated 5 days ago

Pakistan-Africa Economic Council trade initiatives

Overview

The Pakistan-Africa Economic Council (PAEC) was launched in Islamabad to strengthen commercial and investment ties between Pakistan and African nations. The initiative seeks to increase bilateral trade to $15 billion by 2030 by transitioning from traditional diplomacy toward private-sector partnerships in sectors such as agriculture, IT, pharmaceuticals, and textiles.

To facilitate this, the council planned a three-month agenda involving delegations to countries including Rwanda and Ethiopia. The scope of the council has since expanded to include a potential trilateral cooperation framework involving China. This framework aims to integrate China’s industrial and technological capabilities with the resources and market potential of Pakistan and Africa, focusing on building economic ecosystems and human capital.

Entities

Hamid Asghar Khan · Faisal Karim Kundi · Federation of Pakistan Chambers of Commerce and Industry · Feng Qiang · Islamabad Chamber of Commerce and Industry

Timeline

5 days ago

[BUSINESS] 2 sources
Pakistan Africa Economic Council promotes trilateral trade framework
The Pakistan Africa Economic Council aims to foster a trilateral economic framework linking Pakistan, China, and Africa through enhanced trade, investment, and industrial cooperation.
9 days ago

[BUSINESS] 3 sources
Pakistan-Africa Economic Council launched to boost trade
Pakistan and African nations have launched the Pakistan-Africa Economic Council, aiming to reach $15 billion in bilateral trade by 2030 through enhanced investment and private-sector partnerships.

Sources

customstoday.com.pk · dailytimes.com.pk · dnanews.com.pk · islamabadpost.com.pk · topafricanews.com