Italy highly values relations with Pakistan: Ambassador Andreas Ferrarese

Newswire

Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese said this week that Rome accorded huge importance to its relations with Pakistan.

In recent meetings with Pakistani businesspersons, Ambassador Ferrarese said all-out efforts would be made to boost economic ties.

He said Italian companies have expressed keen interest in expanding trade ties with Islamabad and efforts were being made to facilitate cooperation.

Ambassador Ferrarese discussed the idea of holding joint webinars and launching a web portal to promote trade and investment relations between Pakistan and Italy.

The Ambassador said several Italian companies were focusing on Pakistan as a possible investment destination given lower labour costs offered by the country. “Italian businessmen are closely following Pakistani market and products,” he said.

The envoy underlined the need to diversify exports as 75% of foreign shipments from Pakistan comprised traditional goods.

Ambassador Ferrarese called for a shift in the composition of exports and emphasised the need for promoting high and medium technology-based products, which were in high demand across the globe.