ISLAMABAD    -     Ambassador of Portugal, Paulo Neves Pocinho has said that his country wanted to enhance cooperation with Pakistan in many fields including trade, IT and education. He was exchanging views with President, Islamabad Chamber of Commerce and Industry Muhammad Ahmed Waheed during his visit to Chamber House. The diplomat said that the both countries have good potential to strengthen bilateral collaboration for mutual benefit. He stressed that ICCI should take a trade delegation to Portugal to explore new areas of business cooperation.

Pocinho said that being a hi-tech country, Portugal can cooperate with Pakistan in technology and machinery. He said that Portugal’s universities were top ranking providing a pool of highly qualified professionals and Pakistani students should take benefit by studying in Portugal at affordable cost. He said that Portugal’s economy has witnessed a paradigm shift over the past 10 years. Rather than just exporting goods, the country has also looked to export its services and Pakistan could benefit by enhancing cooperation with Portugal in services sector. He said that ICCI should sign MoU with Portugal Chamber of Commerce & Industry to promote B2B relations between the private sectors of Pakistan and Portugal.

Speaking at the occasion, President, Islamabad Chamber of Commerce and Industry Muhammad Ahmed Waheed said that trade volume between Pakistan and Portugal was not reflective of their actual potential and both countries should promote strong business linkages between the private sectors to identify untapped areas of mutual cooperation. He said that Pakistan was producing quality products at affordable prices and stressed that Portugal should consider enhancing its top imports from Pakistan. He said that 60 percent population of Pakistan was comprised of youth and both countries can learn from each other’s experience of incubation to develop startup companies and promote culture of entrepreneurship.