KP invites Portuguese investors

PESHAWAR: Sarhad Chamber of Commerce and Industry has extended an invitation to the Portuguese investors to invest in hydel power generation, agriculture sector, mines and minerals, gemstones and mines and mineral sectors in Khyber Pakhtunkhwa.

President of Sarhad Chamber of Commerce and Industry (SCCI) Engr Maqsood Anwar Pervaiz met with Ambassador of Portugal to Pakistan Paulo Neves Pocinho. They spoke in detail regarding bilateral economic relations and trade between Pakistan and Portugal.

The SCCI chief highlighted the trade potential of Khyber Pakhtunkhwa and invited Portuguese investors to make an investment in hydel power generation, oil and gas and LPG sectors.

SCCI senior vice president Shahid Hussain, vice president Abdul Jalil Jan, former president Faiz Mohammad Faizi, members of chamber executive committee Sadiq Amin, Sherbaz Bilour, Ihsanullah, Mohammad Naeem Butt, Mujeebur Rehman, Ghulam Bilal Javed, Sanaullah Khan, Shams Rahim, Mohammad Altaf Baig, Mihajuddin, Abdul Hakeem Shinwari, Mohammad Tariq, Nisarullah Khan, Shahid Islam and Hazrat Noor were also present on the occasion.

The SCCI chief stressed that the current bilateral trade volume of $178million between Pakistan and Portugal needs to be boosted by joint ventures and exchange of business delegations. He also suggested the issuance of business visas to Khyber Pakhtunkhwa traders.

Speaking on the occasion, Paulo Neves Pocinho was also of the same opinion as to the SCCI president and assured him that the matter of the issuance of visas would be prioritized.

The envoy said that his country was a lucrative destination for foreign investors. He asked the business community to explore the IT, software engineering, tourism and other potential avenues in Portugal.