PAEC being launched on Friday

Business Recorder reported that the Pakistan-Africa Economic Council (PAEC) will be formally inaugurated this Friday, with the aim of broadening Pakistan's trade, investment and business partnerships across Africa. The council is described as Pakistan's first Africa-focused entrepreneurship platform, authorised and registered by the Securities and Exchange Commission of Pakistan (SECP).

PAEC intends to link Pakistani and international entrepreneurs, investors and firms with projects and joint ventures in Pakistan and selected African countries. A release issued on Tuesday said Africa's population of about 1.59 billion gives the council reason to connect capital, production capacity and know-how with workable projects.

The council's early focus will be East Africa, notably Rwanda, Ethiopia, Uganda and Djibouti, with Somalia, Sudan and South Sudan to follow. Two trips to the region are planned for the final three months of 2026, organised with local partners and host governments, so participants can review projects and gauge investment potential on the ground.