Ethiopian Ambassador Urges Pakistani Banks for Business Expansion

Ethiopian Ambassador Jemal Beker Abdula has encouraged Pakistani banks to expand their presence in Addis Ababa to facilitate business transactions. Speaking at the Faisalabad Chamber of Commerce & Industry (FCCI), he emphasized the Ethiopian government's commitment to enhancing bilateral trade and easing business operations.

Abdula highlighted the importance of establishing a banking channel to boost trade between the two countries and support Pakistani exporters in accessing untapped African markets. He noted the existing air connectivity between Karachi, Lahore, and Addis Ababa through Ethiopian Airlines, with plans to include Faisalabad and Sialkot soon.

Moreover, Abdula showcased Ethiopia's strengths, such as its significant green energy production, high literacy rates, and efforts to develop skilled human resources through vocational institutes and educational reforms. He underscored Ethiopia's historical significance, economic resilience, and strategic positioning as a gateway to Africa.

The ambassador commended the FCCI for its role in fostering trade relations and announced an upcoming trade delegation visit to Ethiopia, aiming to strengthen economic ties and leverage the Bilateral Trade Agreement already in place.

In conclusion, Abdula's address highlighted the vast potential for collaboration between Pakistan and Ethiopia, emphasizing mutual benefits and opportunities for investment and trade expansion.