Pak, Portuguese joint ventures in the offering
Pakistani entrepreneurs are invited to start joint ventures with their Portuguese counterparts in the sectors of textile, food, rice, information technology, sports goods and agriculture that would be equally beneficial for the both countries.
The invitation was extended by the Charge De Affairs of Portugal Joao Paulo Sabido while talking to the LCCI Senior Vice President Almas Hyder and Vice President Nasir Saeed here at the Lahore Chamber of Commerce & Industry on Friday. President Pakistan Portugal Business Council Mr. Awais and LCCI Executive Committee Members were also present on the occasion.
Joao Paulo Sabido said that there is a huge scope for the expansion of two-way trade between Portugal and Pakistan as both countries. He said that Pakistani entrepreneurs should focus on Portugal to exploit the untapped market potential for all the traditional and nontraditional products.
He highly appreciated the comparative prices, quality and standards of Pakistan-made products especially textile, rice and sports goods. While stressing the need for exchange of trade delegation and chamber-to-chamber contacts, he said that Pakistani trade delegations would have extremely favorable response towards Pakistani products as both countries have longstanding cordial relations.
He said that Portugal is one of the largest users of yarn therefore Pakistan should avail this opportunity to the maximum. He said that Portugal is generating most of energy through renewable/wind energy, Pakistan could learn a lot from Portuguese expertise in this regard.
The LCCI Senior Vice President Almas Hyder said that Pakistani businessmen are eager to develop close working relations with the Embassy of Portugal. He said that Pakistan and Portugal enjoy good diplomatic relations. Portugal comes at 8th place among the top exporting destinations and at 12th place among the top importing member states of European Union.