Pakistan and Ethiopia seek closer banking ties to boost investment

Pakistan and Ethiopia have explored closer banking links as part of efforts to expand trade and investment, the Finance Division said after a meeting on Monday. Finance Minister Muhammad Aurangzeb met Ethiopian Ambassador Oumer Hussein Oba, with both sides discussing ways to improve financial connectivity and cooperation between their banking sectors. The ambassador was accompanied by Minister Counsellor Melaw Getachew and political diplomacy in-charge Kalkidan Tadesse.

The discussions also covered each country’s economic development experience, Pakistan’s ongoing reforms and possible cooperation on shared economic challenges. The officials considered how conflict-related disruptions to energy and fertiliser supplies could affect food security, agricultural production and economic activity. They also discussed air links between the countries, while Aurangzeb reaffirmed Pakistan’s interest in deeper economic relations with Ethiopia.