Brazil would invest in Ethanol and Bio Fuel sector in Pakistan to overcome the prevailing energy crisis of the country. The Brazilian Embassy would facilitate the Pakistani business community to enhance the bilateral trade between the two countries.
This was stated by the Brazilian Ambassador Alfredo Leoni while talking to the traders and industrialists during his visit to the Rawalpindi Chamber of Commerce and Industry (RCCI) here on Wednesday.
Alfredo said that his country has developed Bio fuel and Ethanol sector and eager to assist Pakistan in this sector. He said that his country was fully aware of the energy crisis of Pakistan and keen to help her friend in the said sector.
The Ambassador said that Brazil is the third largest sugar producer of the world and can help Pakistan to curb the sugar crisis as well. He stressed the need of the continuous contacts of the business communities of the both countries to gear up the trade relations. He ensured his full cooperation in this regard.
Speaking on the occasion President RCCI Ali Raza said that Brazil has achieved immense progress in agriculture , mining and service sectors. "Brazil must help Pakistan for the betterment of the said sectors in the country", he added. President RCCI said that trade volume between the both country is around $170 million which is very low, it is need of the hour to promote the trade activities between the two friend countries.
