DILI, 03 february 2023 (TATOLI)—Pakistani Ambassador to Timor-Leste and Indonesia, Muhammad Hassan visited TradeInvest to further discuss the possibility to invest in potential sectors in Timor-Leste in the future.
The discussion was held between The Executive Director of the Investment and Export Promotion Agency, I.P (TradeInvest Timor-Leste), Arcanjo da Silva, received the Ambassador of Pakistan to Indonesia and Timor-Leste, Muhammad Hassan, in the TradeInvest VIP Room, at Colmera Dili, this Thursday.
“The purpose of the courtesy meeting is to request information about investment opportunities in Timor-Leste such as the tourism sector, renewable energy, and potential sectors that can attract potential investors from Pakistan,” explained Arcanjo da Silva through the official TradeInvest website.
Accordingly to Silva, TradeInvest has prepared and shared relevant information regarding investment opportunities in Timor-Leste, related to the Private Investment Law, Government Decrees, Investment Guide, and Exporter Guide for Ambassadors to share with potential Investors in Pakistan.
In turn, Ambassador Muhammad Hassan expressed his gratitude for the ongoing relationship between TradeInvest Timor-Leste and the Embassy of Pakistan and looks forward to continued cooperation between the two countries.
In addition, the Pakistan Embassy’s official website disclosed that trade relations between the two countries were gaining momentum. Pakistan’s exports to Timor Leste in 2018 were recorded at $11.6 Million, an increase of 485% compared to previous years.
Its main products are cereals, sugar and confectionery, edible vegetables, and pharmaceutical products. Timor Leste’s total imports in the same year were just over half a billion dollars.
There is a small community of around 100 Pakistanis in Timor-Leste. Most of them are small entrepreneurs engaged in tailoring and a small number of them have private jobs in various sectors.
Following the liberalization of visa restrictions by the Indonesian government, Pakistani citizens living in Timor-Leste can now travel along the way from Indonesia.
The Pakistani Community also established the Association of Pakistani People in Timor Leste (APTL) in May 2017. During his visit to Timor Leste, the Ambassador also held a meeting with APTL officials.
The organization holds receptions on Pakistan’s national days and also invites the diplomatic community and Associations to help solve community problems.
Journalist: José Belarmino De Sá
Editor: Nelia B.