Addis Ababa, January 2, 2025 (FMC) — Ahsan Iqbal, the Federal Minister of the Islamic Republic of Pakistan for Planning, Development and Special Initiatives, has commended the higher economic growth achieved by Ethiopia by addressing its political, economic, and social challenges.
The Minister praised Ethiopia as a beacon of prosperity during a meeting with Jemal Beker Abdula, Ambassador of Ethiopia to the Islamic Republic of Pakistan.
The Ambassador was called on the Minister on Thursday in his office where both sides discussed matters of the mutual interest including trade and investment cooperation between the two brotherly countries.
On the occasion, the Ambassador briefed the Minister about the transformational change brought about in Ethiopia by the Prosperity Party which is led by Prime Minister Abiy Ahmed who introduced and implemented major reforms in political, economic and social spheres.
He highlighted the political and economic liberalization achieved by Ethiopia which had not only strengthened its democracy but also the national economy which has been in consistent growth with the political, economic, social and legal reforms.
The Ambassador said the Home Grown Economic Reforms is also an outcome of these reforms in the country which focused on addressing macroeconomic imbalances, increasing domestic production and attracting the foreign direct investment that led to a major boost in job creation.
Ethiopia and Pakistan can learn from each other experiences and strengthen their trade and investment relations by fostering economic cooperation between the two brotherly countries, the Ambassador remarked.
The Ambassador also invited the Minister to grace the Single Country Exhibition of Pakistan scheduled for May 2025 in Addis Ababa, Ethiopia.
On the other hand, the Minister said he looked forward to visit Ethiopia which enjoyed brotherly relations with the Islamic Republic of Pakistan.
He noted the growth in the bilateral relations of the two countries with the opening of the Ethiopian Embassy in Islamabad, exchange of official and business delegation, and the commencement of the Ethiopian Airlines operations in Pakistan.
Ethiopia is one of the success stories in Africa which has turned around the economy through pluralistic economic policies, the Minister acknowledged.