According to the sources, it has been reported that Pakistani entrepreneurs have been 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 office-bearers of the Lahore Chamber of Commerce and Industry (LCCI) on Friday. On the occasion, Pakistan Portugal Business Council President Awais was also present.
Further, on this occasion, Mr Joao Paulo Sabido revealed that there is a huge scope for the expansion of two-way trade between Portugal and Pakistan. It was told that Pakistani entrepreneurs should focus on Portugal to exploit the untapped market potential for all the traditional and non-traditional products. Furthermore, it was highly appreciated the comparative prices, quality and standards of Pakistan-made products especially textile, rice and sports goods.
In this regards, further, the emphasis were also given on the need for exchange of trade delegation and chamber-to-chamber contacts. On this occasion, it was narrated that Pakistani trade delegations would have extremely favorable response towards Pakistani products as both countries have longstanding cordial relations. Since, the Portugal is one of the largest users of yarn, therefore, Pakistan should avail of this opportunity to the maximum, and further, adding that Portugal is also generating most of energy through renewable and wind energy and the Pakistan could learn a lot from Portuguese expertise in this regard.