Italy committed to enhance economic cooperation with Pakistan: Ambassador Andreas Ferrarese


Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese has said that Italy was committed to extend the cooperation of a diverse potential sector to enhance the bilateral economic cooperation between Pakistan and Italy.

Ambassador Ferrarese said that green economy, transfer of technology for industrial sector including textiles and agro industry, construction sector, education and health are major areas of focus to extend the bilateral cooperation.
In an interview, the envoy said through green economy, Italy wanted to cooperate with Pakistan for environment protection, circular economy, resource saving and management, ecosystem protection and recovery, water conservation and natural disaster prevention.

He said the Italian leading energy and gas company, Snam S.p.A, had shown keen interest to invest in country’s power sector.
The Ambassador said that the company plans to visit the country in near future and join those Italian companies which already have an investment or around $ 1.5 billion in the country’s energy sector.

The Ambassador informed that Snam S.p.A was an Italian energy infrastructure company, which wants to bring investment in energy sector including the Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG) to enhance the local capacity in this sector.
He informed that Snam is one of Europe’s main regulated gas companies, leading Italy in gas transport and storage, while ranking third inregasification.

Andreas Ferrarese said that there was huge trade potential in different sectors of economy which needed to be explored and in this regard both sides were engaged in the dialogue process through the Pak-Italy Joint Economic Commission was the forum for bilateral economic engagement and was expected to meet in Rome.

He said that said Italy has also established the Italy-Pakistan Textile Technology Center (IPTTC) in Faisalabad at the National Textile University (NTU) to upgrade the local textile sector.
He said the training centre, which was the first of its kind for Italian textile machinery technology in Pakistan, was inaugurated in the recent past.

He said this project was financed by the Italian government to support the development of the local textiles industry, by equipping it with Italian machinery.