Both the ministers were administered oath by Goa Governor Mridula Sinha in a ceremony held at the Raj Bhavan.
While Furtado was a minister in former Manohar Parrikar led cabinet, Pacheco is a new induction.
The induction of two ministers now completes the state cabinet of 12 ministers.
Chief Minister Parsekar is likely to announce the portfolios by this evening.
GVP, a regional party with two legislators, has extended support to Parsekar.
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Furtado, who had earlier held fisheries portfolio, was supported by the BJP during 2012 polls.
In the first phase, nine ministers along with the Chief Minister were inducted.
