Italy, Pakistan continue sharing, updating common vision: Ambassador Andreas Ferrarese

Newswire

Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese has said that Italy and Pakistan continue sharing and update their common vision on poverty reduction and climate change.

He said this vision moves forward towards prosperity and social change, acting through multi-actor schemes involving the State till remote Civil Society.
The envoy said Italy attached the utmost importance to its relations with Pakistan and all-out efforts are being made to boost economic ties with Islamabad.

Ambassador Ferrarese said the Italian government was committed to strengthening ties with Pakistan in every area of opportunity.
“Italy has over $5 trillion in savings, hence it possesses ample fiscal space to undertake investment projects,” the envoy said. “Pakistani investors should come forward and avail themselves of investment opportunities.”

He stressed that a massive potential existed for Pakistan and Italy to lift the bilateral trade volume to $5 billion. He pointed out that there were several opportunities in Italy’s construction, agriculture and tourism sectors.

The ambassador revealed that Italian visas having validity of three to five years would be offered to potential investors from Pakistan. “This will help enhance business-to-business contacts as well as trade relations between the two nations.”