KARACHI: Ambassador of the Republic of Portugal to Pakistan, Mr. Paulo Domingues, has emphasized the need for a transformation in economic relations between Portugal and Pakistan, urging for the development of trade, investment, and joint ventures. Addressing a meeting at the Karachi Chamber of Commerce & Industry (KCCI), he highlighted the untapped potential between the two countries and called for direct partnerships to expand bilateral commerce.

According to Karachi Chamber of Commerce and Industry, Ambassador Domingues noted that despite friendly relations, bilateral trade remains below potential. He stressed the need for cooperation across sectors such as renewable energy, technology, and agriculture, and announced an upcoming visit by Portugal's Minister for Foreign Affairs to Pakistan. The visit will include a business forum aimed at exploring trade and investment opportunities.

He encouraged the KCCI to mobilize Pakistani business leaders to engage with the visiting Portuguese delegation, emphasizing the importance of bridging the geographical gap between the two countries to foster economic growth. He also pointed out Portugal's strength in renewable energy as a potential area for collaboration.

KCCI President, Talat Mahmood, welcomed the Ambassador's initiative, highlighting the importance of stronger business-to-business linkages to diversify trade beyond textiles. He called for efforts to unlock new opportunities for exporters and investors, expressing confidence in the potential for a stronger economic partnership between Pakistan and Portugal.