ISLAMABAD - Political stagnation, economic hardships and high rate of inflation and unemployment are the factors that led to a well-organised peaceful and popular revolution in Egypt, giving the Arab African nation a unique status of a new role model for the entire world, says the countrys Ambassador to Pakistan. Magdy Amer said in an exclusive interview to The Nation here on Monday that uncertainty about the elections scheduled for October had also played a role in bringing about a change in Egypt. 'The change was inevitable, said the Ambassador, adding, that 'political stagnation had upset the youth of he country, middle class of the society, intelligentsia as well as the civil society organisations. Everybody in Egypt was of the opinion that national elections scheduled for October 2011 would not be held by the government of former President Hosni Mubarak. Magdy Amer was of the view that the popular revolution in Egypt would have far-reaching global implications, including for countries in the neighbourhood of Egypt, in the region and elsewhere. 'After the recent crisis, he said, Egypt had emerged as a new model for peaceful and civilised change. If the change continues peacefully, as of today, Egypt would emerge as a successful model for the whole world, he observed. Without naming any country, he said the change in Egypt would affect the other Arab Muslim countries, as historically Egypt had always been at the centre of ideas for the Arab countries, even though every country has unique history, culture and social fabric. Answering a question about the timeframe for new elections in Egypt, he said the High Military Council had already announced that new elections would be held within six months. He pointed out that as a first step towards new elections, the HMC had already dissolved Parliament, suspended the Constitution and was taking other steps to pave way for new political system. 'Controversial clauses incorporated in the Constitution by the previous government are being amended and, if approved by political parties through a national referendum, the elections will be held without any delay, he added. However, he did not rule out the possibility of some delay, saying it all depends on the response of the political parties to the proposed Constitutional amendments as well as their preparedness to take part in the elections. In the first phase, the Parliamentary elections will be held and this will be followed by the Presidential election. 'If all the political parties say they are ready for new elections, the elections will be held within the stipulated time, he said. He was of the opinion that the High Military Council, which is supervising process of peaceful transition, is trying to ensure that people from all walks of life could participate in the new elections and that political parties should adopt measures to discourage influence of religious extremist elements as well as future military interventions. In response to a question about the whereabouts of former President Hosni Mubarak and the fate of his overseas assets, the Ambassador said that the former President was still in Egypt and an investigation relating to his assets was underway. He pointed out that the High Military Council after some media reports accusing the former President of having overseas bank accounts, had requested several European countries to freeze his accounts, but so far there was no report of his overseas accounts. Asked how come there were still anti-American sentiments despite the fact that the US has been leading in economic assistance to Egypt, Ambassador Amer said although it was a difficult question for him to answer, he would like to say that it was because of the US policy towards Palestine issue in particular and the Muslim countries in general. Answering a question about the impact of changes in his country on Pakistan- Egypt ties, he said both the countries already had excellent relations. He thanked the government of Pakistan for adhering to his advice to abandon its plans for repatriation of Pakistanis from Egypt, as there was no security threat to them. It may be pointed out that the government had earlier decided at the highest level to send a few planes to Cairo to evacuate Pakistanis living there. While referring to bilateral cooperation between the two countries, he said that Egypt was a member of the Friends of Democratic Pakistan (FoDP) countries and had also joined the Economic Development Forum (EDF) to help Islamabad in tackling its economic problems. He pointed out that during the last two years, Egypt offered technical cooperation and investment in the fields of irrigation and agriculture. Ambassador said in addition to these projects Egypt was also offering technical cooperation to Pakistan in energy, telecommunications, education and health sectors. Asked about any impact of changes in Egypt on its future relations with Israel, he said that Egypt fully respected its international treaties and obligations.