Italy aims to boost ties with Pakistan: Ambassador Andreas Ferrarese

Newswire

Lahore: Italy’s Ambassador to Pakistan Andreas Ferrarese has said that Italy wanted to boost ties with Pakistan.

“Italy attaches the utmost importance to its relations with Pakistan and all-out efforts are being made to boost economic ties with Islamabad,” remarked Ambassador Andreas Ferrarese in a meeting with Pakistani businesspersons.

He 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.”

Ambassador Ferrarese said Italy wanted to start a new era economic and trade cooperation with Pakistan through transfer of technology and for upgradation of Pakistan’s textile industry.

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, he added.

The ambassador said that through the 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.