CAIRO (Agencies) - Foreign Minister Shah Mehmood Qureshi said on Sunday that his country plans to boost trade with Egypt, during a visit to Cairo where he met with President Hosni Mubarak. Qureshi, who was accompanied on his trip by several ministers and a large delegation of businessmen, praised the 'excellent relations between Pakistan and Egypt, the official MENA news agency reported. During talks with his Egyptian counterpart Ahmed Abul Gheit, the two diplomats agreed to set up a ministerial-level committee to oversee bilateral trade that would meet every two years, Qureshi told MENA. The two countries would also hold political consultations once a year, Qureshi said. The talks focused on 'exploring new trade opportunities between the two countries, including exporting Pakistani wheat as well as medical and surgical equipment to Egypt, MENA said. The two sides also looked into exporting Egyptian goods to Pakistan, including fertilizers, it said. The annual volume of trade between Egypt and Pakistan currently stands at four million dollars, according to MENA. Meanwhile, Egypts Sewedy Cables is considering investing in Pakistans wind energy sector, Qureshi said. We have met with the Sewedy group yesterday and they have shown interest in investing in the energy sector in Pakistan. They have expertise and technology to fulfil our requirements, the Foreign Minister told reporters. There are five projects of 10 megawatts each worth $200 million, he said in a news conference following a meeting with Egyptian President Hosni Mubarak. Sewedy, the largest Arab cable-maker by market value, has said it is looking into supplying wind energy projects in the Middle East and Africa to tap growing demand. Sewedy had no immediate comment. Pakistani diplomat Nasir Ali Khan said after the news conference that Sewedy was interested in setting up a wind turbine factory in Pakistan. However as a first stage they want to put up a wind farm so that they can demonstrate the quality of their equipment and gain the confidence of many investors, he said. The first stage is putting up 50 megawatts in five stages and eventually they might expand this, he said. Earlier, Qureshi called on Egyptian President Hosni Mubarak on Sunday in Cairo and discussed bilateral and regional matters. The minister conveyed the good wishes of President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani to President Mubarak and reiterated the invitation extended by them earlier to visit Pakistan. Accepting the invitation, Mubarak said he would seek an opportunity to visit Pakistan soon. Qureshi briefed Mubarak on the progress made during the 3rd Session of the Joint Ministerial Commission and of the decision taken by the two sides to convert the existing goodwill into a strong economic interaction. President Mubarak recalled his meeting with Prime Minister Gilani at Sharm el-Sheikh in 2009 and remarked that increase in the frequency of contacts at the highest level would lead to further strengthening of bilateral relations. He elaborated the latest developments in Iraq, Iran, Afghanistan and Middle East peace process. Qureshi agreed with Qureshi that an amicable settlement of the Iranian nuclear issue would be in the interest of peace and stability in the region. Later, the Foreign Minister had a brief chat with the Egyptian media at the Presidency and briefed them about his positive, result-oriented and intensive interaction with the Egyptian business community. He expressed his confidence that his visit to Cairo would lead to enhanced cooperation in the investment and trade sectors between the two countries.