PAEC being launched on Friday
ISLAMABAD: The Pakistan-Africa Economic Council (PAEC) is set to be formally launched this Friday, creating a new platform aimed at expanding Pakistan’s trade, investment and business partnerships with Africa’s rapidly growing markets. The PAEC is described as Pakistan’s first official Securities and Exchange Commission of Pakistan (SECP)-authorized and registered Africa entrepreneurship…
Islamabad: The Pakistan-Africa Economic Council (PAEC) is scheduled to be officially inaugurated this Friday, establishing a platform designed to enhance Pakistan's commercial, investment and business ties with Africa's burgeoning markets. This PAEC marks Pakistan's inaugural SECP-licensed and registered Africa entrepreneurship hub, connecting Pakistani and global entrepreneurs, investors and businesses with project-specific prospects and joint ventures in Pakistan and selected African nations.
Given Africa's populace of around 1.59 billion, the Council aims to bolster trade engagement between Pakistani enterprises and African economies by linking capital, production capability, and entrepreneurial expertise with viable projects, as stated in a release on Tuesday.
The PAEC's initial emphasis will be on East Africa, particularly Rwanda, Ethiopia, Uganda and Djibouti, followed by interactions with Somalia, Sudan and South Sudan. The Council aspires to foster partnerships that can facilitate economic growth, industrial advancement, employment, and regional connectivity. Leveraging its network of seasoned production and business partners in Pakistan alongside established connections with African businesses, local stakeholders and government entities, the Council is well-equipped to support its mission.
In a strategic move, the Council has planned two business opportunity expeditions to East Africa during the final quarter of 2026, in conjunction with local partners and host governments. These missions will offer entrepreneurs and investors the chance to explore projects, engage with potential partners, and evaluate investment opportunities firsthand in the region.
The PAEC aims to transcend conventional trade promotion by facilitating the execution of high-impact projects and sustainable joint ventures. Its wider objective is to serve as an efficient intermediary between Pakistan and Africa, connecting capital, capacity, and entrepreneurs with concrete opportunities.
Through intensified private-sector collaboration and project-driven investment, the Council envisions contributing to deeper economic and trade relations between Pakistan and Africa.
Written by urgent.news from Business Recorder's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
