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The energy sector he added remains the focus for spain in pakistan spanish companies are setting up plants of renewable energy in sindh he said pakistanis settled in spain there are about 70000 pakistanis in spain the second generation pakistanis the ambassador said are spanish and they enjoy perks like any other spaniard. Faisalabad the ambassador of spain to pakistan carlos morales has said that bilateral trade between pakistan and spain is hovering around one billion dollars and we must take concrete steps to exploit its untapped potential by encouraging frequent exchanges of trade delegations and by organising single country exhibitions in both countries. The spanish ambassador added that spain was keen to boost bilateral trade and reduce any hurdles which might make it difficult to conduct business between the two countries later while addressing a meeting held at sialkot chamber of commerce and industry scci here the spanish enoy said that the time was high to do more to further increase the mutual trade ties between pakistan and spain. Pakistani equities were up 45 per cent in 2016 the best performing emerging market in asia pakistan is still not expensive at 104 times forward earnings still a major valuation discount to indonesia at 15x india at 16x and the philippines at 18x earnings
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