Pak traders invited to initiate joint ventures with Portuguese investors

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 Charge De Affairs of Portugal Joao Paulo Sabido has said that there is a huge scope for the expansion of two-way trade between Portugal and Pakistan. He said that Pakistani entrepreneurs should focus on Portugal to exploit the untapped market potential for all the traditional and non-traditional products.

This was stated by him while talking to the LCCI former vice president and Pakistan Portugal Business Council director Kashif Anwar during a visit to his office. Joao Paulo Sabido stressed 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.

During the meeting, he also appreciated the Director of Pakistan Portugal Business Council, and said that the Embassy of Portugal is pleased to acknowledge the services of Mr. Kashif Anwar, for the enhancement of trade and economic ties between Portugal and Pakistan. The Embassy, especially wants to show its appreciation and gladness for your visit to AICEP and Lisbon Chamber where you gave a valuable, comprehensive and updated presentation regarding the prospects of investment in Pakistan.

“We also value your efforts to arrange our Embassy’s successful meeting with Lahore Chamber of Commerce & Industry first time, providing our dele- gates a best opportunity for inviting Pakistani entrepreneurs to also explore the market of Portugal. Where they can exploit the untapped market potential for all the traditional and non-traditional Pakistani products.”

Kashif Anwar, on this occasion, 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 EU.