Portugal to help Pakistan retain GSP-Plus status: Sarwar

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Punjab Governor Chaudhry Muhammad Sarwar has said that Portugal would help Islamabad retain the GSP-Plus status, a facility that provides Pakistani products duty-free access to the European market.

According to a statement issued by the Governor House on Tuesday, Chaudhry Sarwar hoped that Pakistan would get an extension in GSP-Plus status.

He said that Pakistan has gained benefits of more than $15 billion from GSP-Plus status during the last five years, adding that the continuation of the facility would help strengthen the country’s economy.

During his ongoing visit to Portugal, the Punjab governor met with Secretary of State of Foreign Affairs and Cooperation Teresa Ribeiro and Parliamentary Committee for Foreign Affairs Vice President Pedro Filipe Soares.

Matters pertaining to extension in GSP-Plus status to Pakistan, Kashmir issue, bilateral trade and Afghan peace process were discussed during the meetings.

Sarwar said that meetings with Teresa Ribeiro and Pedro Filipe Soares were held in a very cordial manner, adding that the Portuguese investors and business community were keen to invest in the projects under China-Pakistan Economic Corridor (CPEC).

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