Pakistani Prime Minister Muhammad Shehbaz Sharif arrived in Cairo for the 11th D-8 Summit focusing on investing in youth and SMEs. He aims to emphasize their role in economic development and will also address humanitarian crises in Gaza and Lebanon. Bilateral discussions with fellow leaders are anticipated during this summit, which aims to enhance economic cooperation among its member nations.
On December 18, 2023, Prime Minister Muhammad Shehbaz Sharif of Pakistan arrived in Cairo, Egypt to participate in the 11th Summit of the Developing Eight (D-8) countries. Leading the Pakistani delegation, Prime Minister Sharif will engage in discussions centered around the summit’s theme: “Investing in Youth and Supporting SMEs: Shaping Tomorrow’s Economy.” Upon his arrival, he was welcomed by Egyptian Minister for Public Business Sector, Mohamed Shimi, along with senior officials and staff from the Pakistani Embassy in Cairo.
Throughout the summit, Prime Minister Sharif plans to underscore the vital importance of investing in youth and small and medium-sized enterprises, which are crucial for constructing resilient and inclusive economies. He aims to draw attention to how these sectors foster job creation, promote innovation, and enable local entrepreneurship. Additionally, he is scheduled to participate in a special session addressing the humanitarian issues and reconstruction efforts needed in Gaza and Lebanon, a pressing topic amid ongoing regional conflicts.
In conjunction with the D-8 Summit, it is anticipated that Prime Minister Sharif will engage in bilateral discussions with fellow leaders. His delegation includes Deputy Prime Minister and Foreign Minister Muhammad Ishaq Dar as well as Federal Minister for Information and Broadcasting Ataullah Tarar. The D-8 Organization, formed in 1997 in Istanbul, consists of Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Türkiye. This organization aims to enhance economic cooperation among member states, focusing on various sectors including agriculture, trade, transportation, energy, industry, and tourism, with the goal of stimulating growth and improving living standards.
The Developing Eight (D-8) Organization for Economic Cooperation operates as a forum for enhancing economic relations among member states. Established in 1997, its core aim is to foster economic collaboration and facilitate mutual growth among its members. The organization involves countries with emerging economies, making it a significant player in promoting development initiatives, particularly in sectors vital to addressing both economic and social challenges. The upcoming summit in Cairo is a pivotal event for determining strategies related to youth investment and SME support, essential for economic sustainability.
In summary, Prime Minister Muhammad Shehbaz Sharif’s attendance at the D-8 Summit in Cairo highlights Pakistan’s commitment to investing in youth and strengthening small and medium-sized enterprises. His discussions will also address critical humanitarian crises affecting Gaza and Lebanon, emphasizing the need for international cooperation and support. The summit serves as an important platform for member states to collaborate on enhancing economic growth and development, reinforcing the significance of initiatives aimed at improving the living standards of their populations.
Original Source: www.dailynewsegypt.com
