BR100 Increased By (0.11%)
BR30 Decreased By (-0.26%)
KSE100 Increased By (0.12%)
KSE30 Increased By (0.09%)
AGHA 7.79 Increased By ▲ 0.04 (0.52%)
BECO 5.23 Increased By ▲ 0.04 (0.77%)
BML 57.26 Decreased By ▼ -1.40 (-2.39%)
BOP 34.10 Increased By ▲ 0.41 (1.22%)
CNERGY 9.92 Decreased By ▼ -0.69 (-6.5%)
CSIL 5.35 Increased By ▲ 0.05 (0.94%)
FCCL 54.61 Increased By ▲ 0.87 (1.62%)
FFL 16.70 Increased By ▲ 0.24 (1.46%)
FNEL 1.24 Increased By ▲ 0.02 (1.64%)
KEL 7.42 Increased By ▲ 0.14 (1.92%)
KOSM 5.75 Increased By ▲ 0.11 (1.95%)
LOTCHEM 29.35 Decreased By ▼ -0.30 (-1.01%)
MLCF 94.35 Decreased By ▼ -2.01 (-2.09%)
NBP 202.70 Decreased By ▼ -0.83 (-0.41%)
NCPL 57.00 Increased By ▲ 0.15 (0.26%)
NPL 67.78 Increased By ▲ 0.47 (0.7%)
OGDC 316.40 Decreased By ▼ -1.82 (-0.57%)
PACE 10.64 Increased By ▲ 0.01 (0.09%)
PAEL 43.15 Increased By ▲ 1.38 (3.3%)
PIBTL 16.72 Decreased By ▼ -0.09 (-0.54%)
PPL 220.50 Increased By ▲ 0.33 (0.15%)
PRL 49.05 No Change ▼ 0.00 (0%)
PTC 70.98 Increased By ▲ 0.97 (1.39%)
SSGC 28.17 Decreased By ▼ -0.97 (-3.33%)
TBL 9.90 Increased By ▲ 0.13 (1.33%)
TELE 8.80 Decreased By ▼ -0.02 (-0.23%)
TPL 18.14 Increased By ▲ 0.97 (5.65%)
TPLP 13.40 Increased By ▲ 0.89 (7.11%)
TREET 22.75 Increased By ▲ 0.16 (0.71%)
TRG 60.30 Increased By ▲ 0.08 (0.13%)

KARACHI: Starting May 9 (Tuesday), Ethiopian Airlines is set to resume operations in Pakistan after a 25-year hiatus. At a press briefing held at the Karachi Press Club (KPC), Ethiopian Ambassador to Pakistan, Jemal Beker Abdulla, along with Honorary Consul General Ibrahim Khalid Tawab, announced that a 60-member high-level delegation, including the Minister of Foreign Affairs, Minister of State and Minister of Technology, will arrive in Karachi on the inaugural flight at 0500 hours on Tuesday (May 9).

Ambassador Abdulla highlighted that the arrival of the high-level delegation on the inaugural flight demonstrates Ethiopia’s commitment to strengthening bilateral relations with Pakistan and that the direct connectivity between the two countries will play a vital role in strengthening the mutual relations.

Currently, bilateral trade between Pakistan and Ethiopia stands at around $78 million, which the two countries aim to increase to $200 million by year-end.

To achieve this, they signed a bilateral trade agreement in February and also inked Memorandums of Understanding (MoUs) with Karachi Chamber of Commerce and Industry (KCCI).

Abdulla expressed his appreciation for the support of CM Sindh, stating that he had a productive meeting with CM Murad Ali Shah at CM House to discuss the arrangements for the arrival of the high-level delegation from Ethiopia to Karachi and their subsequent political and economic engagements in Karachi.

He also mentioned that the Ethiopian embassy will commence operations by May 10, 2023.

The direct connectivity between Ethiopia and Pakistan will benefit the Pakistani business community by providing them access to Ethiopia and the entire African continent, as Ethiopian Airlines offers connectivity to 160 destinations with the best cargo service at economical fares.

Furthermore, the airline plans to expand its wings to Lahore and Islamabad in the second phase, and they are working closely with Pakistani authorities, including the Trade Development Authority of Pakistan (TDAP), to explore business opportunities. According to Jemal, the Pakistani business community will have direct access to Ethiopia’s market of over 120 million population, with vast opportunities in the pharmaceutical, textile, surgical equipment, and technology sectors.

Honorary Consul General Ibrahim Khalid Tawab said Ethiopian Airlines will operate four weekly flights to Karachi from Addis Ababa.

Talking about untapped business opportunities for Pakistani business people, he said a 70-member delegation of Pakistani business people had recently visited Addis Ababa, with 35 members already in the transactional phase. The President of KPC, Saeed Sarbazi and the Secretary of KPC, Shoaib Ahmed were also present at the press briefing.

Copyright Business Recorder, 2023

Comments

Comments are closed for this article.

Tulukan Mairandi May 09, 2023 09:03am
Pakistanis are fleeing the country in droves. Ethiopian is cashing in on this exodus. The flights from Pakistan are full, while those to Pakistan are empty. Pakistanis rather flee to sub-saharan Africa than to stay in hellish Pakistan.
0
Tulukan Mairandi May 09, 2023 09:05am
Pakistanis are fleeing the country to resettle anywhere. Even Botswana and Zimbabwe, where they are not well known and so their reputation has not been tarnished, unlike in most of Asia, North America, Australia and Europe where Pakistanis are unwelcome like rodents
0
John May 09, 2023 10:36am
Waderas Inc now can send their looted booty to African destinations.
0
Shahid Syed May 10, 2023 07:08pm
@Tulukan Mairandi, Within the country, the exodus is happening from all over Pakistan towards Karachi. No wonder 68 countries of this world are smaller than Karachi and yet we're not ready to make it a province.
0