Portugal Ambassador to Pakistan Paulo Neves Pocinho asked Pakistani businesspersons to make an investment in information technology, software engineering, tourism and other potential sectors in the southern European country on the Iberian Peninsula.
Bordering Spain, Portugal’s location on the Atlantic Ocean has influenced many aspects of its culture: the Algarve’s beaches are a major destination and much of the nation’s architecture dates to the 1500s–1800s, when Portugal had a powerful maritime empire.
Speaking in Peshawar, Ambassador Paulo Neves Pocinho said that Portugal is lucrative destination for foreign investors. He assured local business community members that the embassy will issue visas to businesspersons on priority basis to further strengthen economic and trade ties between Pakistan and Portugal.
In a meeting at the Chamber House in Peshawar, Sarhad Chamber of Commerce and Industry President Maqsood Anwar Pervaiz and Ambassador Paulo Neves Pocinho agreed to make joint efforts to give boost to mutual trade and economic relations between the two countries.
On the occasion, the chamber president invited the Portuguese investors to make investment in hydel power generation, oil and gas, LPG, mines and mineral, gemstones, agriculture, medicine, fruits, livestock, honey and other potential sectors. He observed that mutual trade volume between Pakistan and Portugal stood at $178 million, which need to be boost up by launching of joint venture and exchange of business delegation.
He asked the visiting diplomat to issue business visas on the recommendation of the Sarhad Chamber to Khyber Pakhtunkhwa business community, besides the exchange of business delegation to take benefit from each other experiences to bolster the economic and trade relations. He told the ambassador that Pakistan’s export items to Portugal include textiles, hides, rice, animal organs, sports goods, soapstone, plastic products, leather, etc.
Portugal imports products to Pakistan include coal tar, synthetic filament tow, cyclic hydrocarbons, synthetic coloring matter, newsprint, uncoated paper, concentrated milk, etc. The business leaders shared number of recommendations to enhance trade. The ambassador said that he would consider recommendations of the chamber.