Ambassador Andreas Ferrarese boosts Pakistan-Italy ties

Staff Writer

Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese has boosted Pakistan-Italy ties since assuming responsibilities ion Islamabad.

According to senior a businessman, the envoy is a key driving force behind the further cementing trade relations between Pakistan and Italy.

Chief Executive Officer Pakistan Furniture Council (PFC) Mian Kashif Ashfaq said that Ambassador of Italy to Pakistan, Andreas Ferrarese, has played a main role to bring Pakistan and Italy closer.

Ashfaq said the Embassy of Italy in Islamabad under Ambassador Ferrarese is committed to boosting commercial ties between the two countries.

He disclosed that for first time in Pakistan’s history, the country’s exports to ltaly exceeds the imports from Italy depicting upward trends in promotion of bilateral trade between the two countries.

Talking to a delegation of exporters and importers led by honorary Investment Consular and Tourism Ambassador for Italy Muhammad Sheheryar Khan, he said bilateral trade volume between Italy and Pakistan has exponentially grown from € 1.42 billion in 2019 to €1.52 billion in 2021.

He said although global trade shrank during the Covid-19 pandemic, Pakistan’s exports to Italy in 2021 grew by 22.1%, with a total value of €763.51 million. In the same period, Italian exports to Pakistan saw an increase of 48.6%, with a total value of €754.06 million.

The trade volume in Jan-Feb 2022 stood at €289.37 million compared to €203.41 million during the same year in 2021 he added.

He said Italy’s Archaeological Mission is one of the oldest present missions in Pakistan and has made significant contributions to Pakistan’s already rich archaeological sphere.