The Trade Commissioner at the Embassy of Belgium in Pakistan, Abid Hussain,has said that there are lucrative investment opportunities for Pakistanifirms in Belgium, especially in the pharmaceutical, gems, jewelry, anddiamond industry. Pakistani firms should look at investing and formingJoint Ventures (JVs) as these sectors are advanced in the country and holdthe potential for huge profits.
Abid Hussain saidlink,“*Pakistani businessmen should come forward and avail themselves of theseopportunities. A Pakistani company is already investing in thepharmaceutical sector there but this sector of Pakistan should make astrong presence there. Belgium is one of the top 10 richest states in theworld. It has advanced technology, high-tech industries, and 85% of itsproduction is exported.”*
He highlighted that the Gwadar and Port Qasim were initially developed byBelgians as well and Pakistani companies should form JVs with Belgiancompanies to enter into the European market. He also emphasized that thereis a huge potential for trade between the two countries and the currenttrade stood at $950 million from both sides in 2019 which has beendecreasing in the previous two years as well.
The countries should increase the trade by introducing items required byeach other to boost cooperation as well that will boost the economy of bothcountries.
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