President Asif Ali Zardari has invited Egyptian investment in key sectors of economy including Infrastructure, Energy, Mining, Textile, Real Estate and Tourism in talks with Egyptian President Dr Muhammad Morsy.


He also invited Egyptian investors to avail the huge incentive packages being offered to foreign investors and entrepreneurs for investment in the Special Economic Zones in various parts of the country.


Both called for peaceful solution to Syrian problem in their talks in Islamabad.


They held one-on-one meeting that wss followed by delegation level talks at the Presidency, Spokesperson to the President, Senator Farhatullah Babar said.


Briefing about the two rounds of talks, he said that the two leaders held wide-ranging discussions on bilateral, regional and international issues and the situation in Middle East.


On situation in Syria, President Zardari said that Pakistan and Egypt should work together closely for the common good of the Ummah and for peace in our region. He urged for working together to end the bloodshed in Syria and to find a peaceful solution to the crisis.


“Pakistan believe that Syria’s territorial integrity and sovereignty must be respected,” the President said, adding that any outside interference would only complicate a complex situation and will have serious consequences for the neighboring countries.


He stated that the drive for peace in Syria must be led and owned by the Syrian People and offered Pakistan’s readiness to play its role in finding a peaceful solution of the Syrian crisis.


President Morsy expressed his deep desire to cultivate close relations with Pakistan and stated that Pakistan and Egypt are two pillars of the Islamic World which have an important role to play in the Ummah as well as in the region.


Discussing regional situation, President Zardari said that at this difficult juncture while the Muslim and the Arab world is facing great challenges and witnessing changes, the Muslim nations must shun differences and forge unity.


The Spokesperson said that President Zardari while appreciating Egypt for supporting the causes of the Muslim world hailed the role being played by Egypt for promoting regional peace and stability.


The two Presidents also witnessed the signing of five Memorandums of Understanding (MoUs) and one Executive Program for further promoting cooperation between the two countries in the fields of postal services, Merchant Shipping, investment, Media, Science and technology and Small and Medium enterprises development.


President Zardari expressed hope that the various MoUs and agreements inked today in all fields would give further impetus to the trade and investment ties hence jacking up the current bilateral trade volume from current around $400 million to new heights. He also proposed Free Trade Agreement between the two countries, which he said, would help increase the quantum of bilateral investment.


The Spokesperson said that the two leaders agreed to hold bilateral summit on biennial basis alternatively in Pakistan and Egypt and expressed confidence that the mechanism would not only boost bilateral relations but would also give two countries an opportunity to co-ordinate its positions on important regional and international developments.


The two leaders also agreed to the holding of the 4th Session of the Joint Ministerial Commission (JMC) in Islamabad later this year and called for increased people to people contacts which they believed was extremely important in cementing the bonds of friendship between the two countries.


Discussing bilateral relations, the two leaders expressed satisfaction on the current state of bilateral ties and urged the need to further expedite efforts to fully realize the true trade potential by promoting greater business delegations exchanges, investments and facilitating the entrepreneurs.