Algeria Celebrates 71st National Day in Pakistan
Ambassadors, diplomats, and dignitaries attended the event at the Algerian embassy in Islamabad to mark the country's 71st national day, commemorating the November 1, 1954, revolution. Chief guest Haroon Akhtar Khan, special assistant to the prime minister for industries and production, expressed solidarity with Algeria's continued prosperity and progress. Algerian Ambassador Dr Brahim Romani thanked Pakistan for supporting the country's liberation struggle and highlighted the countries' enduring friendship in international forums.
Key Takeaways:
- Algeria's national day marks the 71st anniversary of the November 1, 1954, revolution, which led to the country's independence.
- Pakistan was one of the first nations to support Algeria's liberation struggle, dating back to the 1955 Bandung Conference and the United Nations until Algeria's independence in 1962.
- Algeria and Pakistan share a history of brotherhood and a promising future of collaboration, with the Algerian embassy facilitating business exchanges and issuing over 600 business visas since 2024.
- Algeria has recorded a 4.1 per cent economic growth rate in 2024, with a GDP of $270 billion, the third largest in Africa, and zero external debt.
- The country has operated over 17,000 investment projects since 2022 under its new investment law, offering equal opportunities to local and foreign investors.
- Pakistan's prime minister's aide invited the Algerian business community to explore potential in Pakistan, citing immense potential for enhanced bilateral cooperation in trade, industry, and investment.
Statistics:
- Algeria's economic growth rate in 2024: 4.1 per cent
- Algeria's GDP in 2024: $270 billion
- Algeria's ranking in Africa in terms of GDP: third
- Number of investment projects registered in Algeria since 2022: 17,000
- Number of business visas issued by Algeria since 2024: over 600
- Number of bilateral economic forums held between Algeria and Pakistan since 2024: two
Sources:
- Algerian Ambassador Dr Brahim Romani
- Pakistan's Special Assistant to the Prime Minister for Industries and Production, Haroon Akhtar Khan
- The Algerian embassy in Islamabad