Egypt, Pakistan push wider defense, economic cooperation during high-level meetings

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Pakistan’s Field Marshal Syed Asim Munir meets Egyptian Foreign Minister Dr. Badr Ahmed Mohamed Abdelatty (left) in Rawalpindi, Pakistan, on December 1, 2025. (ISPR)
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Pakistan President Asif Ali Zardari meeting with Egyptian Foreign Minister Dr. Badr Ahmed Mohamed Abdelatty (left) in Islamabad, Pakistan, on November 30, 2025. (PID)
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Updated 01 December 2025
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Egypt, Pakistan push wider defense, economic cooperation during high-level meetings

  • Field Marshal Munir, Egyptian FM reaffirm commitment to deepen defense ties, strategic coordination
  • Cairo’s Elsewedy Electric explores expanded investment in Pakistan’s mining, IT, industrial sectors

KARACHI: Pakistan and Egypt this week expanded their bilateral engagements across defense, economic and investment domains as senior officials from both nations held a series of meetings in Islamabad and Cairo, according to official statements.

Egypt’s foreign minister, Dr. Badr Ahmed Mohamed Abdelatty, is in Pakistan for talks on security, trade and diplomatic ties, a visit that has included meetings with President Asif Ali Zardari, Deputy Prime Minister Ishaq Dar and Field Marshal Syed Asim Munir.

On Monday, Munir and Abdelatty discussed military-to-military cooperation, training programs and regional security, the Pakistani military said.

“The discussions reaffirmed the commitment of both sides to strengthen coordination and deepen the long-standing ties in defense and broader strategic domains,” the Inter-Services Public Relations (ISPR) said.

The Egyptian foreign minister conveyed Cairo’s continued interest in scaling up cooperation “across all spheres,” according to the ISPR, with both sides underscoring the need for sustained high-level exchanges amid shifting regional security dynamics.

Separately, Pakistan’s commerce minister Jam Kamal Khan met in Cairo on Monday with Eng. Ahmed Elsewedy, President and CEO of Elsewedy Electric, one of Egypt’s largest multinational industrial groups, to discuss deeper commercial engagement.

Khan briefed Elsewedy on “significant growth potential” in Pakistan’s mining sector, citing recent policy reforms, investor-friendly regulations and expanding public–private partnership avenues, a statement by the Pakistan Press Information Department said. He also highlighted opportunities in Pakistan’s rapidly growing technology and IT-services sector and invited Egyptian companies to explore digital partnerships.

Elsewedy Electric “expressed satisfaction with its current investment in Pakistan,” according to the PID statement, and conveyed interest in expanding cooperation, according to the Pakistani statement. Both sides agreed to continue talks aimed at boosting industrial and investment ties.

During a meeting with Abdelatty on Sunday, President Zardari had encouraged Egypt to step up investment in energy, logistics, construction, agriculture, mining and IT. Deputy PM Dar separately announced on the weekend that Pakistan and Egypt would establish a new business council, followed by a meeting of the Pakistan-Egypt Business Forum next year. A session of the Joint Ministerial Commission, dormant for 16 years, will also be revived to strengthen bilateral economic ties, Dar said.


Rating firm S&P says it won’t rush Iran war downgrades, sees risks for countries like Pakistan

Updated 12 March 2026
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Rating firm S&P says it won’t rush Iran war downgrades, sees risks for countries like Pakistan

  • Agency says it is monitoring indebted energy importers as higher oil prices strain finances
  • Gulf economies seen better placed to weather shock, though Bahrain flagged as vulnerable

LONDON: S&P Global ‌said it would not make any knee-jerk sovereign rating cuts following the outbreak of war in the ​Middle East, but warned on Thursday that soaring oil and gas prices were putting a number of already cash-strapped countries at risk.

The firm’s top analysts said in a webinar that the conflict, which has involved US and Israeli strikes ‌against Iran and Iranian ‌strikes against Israel, ​US ‌bases ⁠and Gulf ​states, ⁠was now moving from a low- to moderate-risk scenario.

Most Gulf countries had enough fiscal buffers, however, to weather the crisis for a while, with more lowly rated Bahrain the only clear exception.

Qatar’s banking sector could ⁠also struggle if there were significant ‌deposit outflows in ‌reaction to the conflict, although there ​was no evidence ‌of such strains at the moment, they ‌said.

“We don’t want to jump the gun and just say things are bad,” S&P’s head global sovereign analyst, Roberto Sifon-Arevalo, said.

The longer the crisis ‌was prolonged, though, “the more difficult it is going to be,” he ⁠added.

Sifon-Arevalo ⁠said Asia was the second-most exposed region, due to many of its countries being significant Gulf oil and gas importers.

India, Thailand and Indonesia have relatively lower reserves of oil, while the region also had already heavily indebted countries such as Pakistan, Bangladesh and Sri Lanka whose finances would be further hurt by rising energy prices.

“We ​are closely monitoring ​these (countries) to see how the credit stories evolve,” Sifon-Arevalo said.