Italy interested to invest in various sectors in Pakistan: Ambassador Andreas Ferrarese

Staff Writer

Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese said this week that Italy was interested to invest in various sectors in Pakistan.

In a statement, the Ambassador pointed to enormous investment opportunities for mutual trade between Pakistan and Italy that can prove to be beneficial for both countries.

The envoy said that after observing the economic and trade potential of the two countries, he had discovered there were ample opportunities for collaboration.

He suggested that bilateral cooperation can be extended through a green economy, technological transfer, education, and health.

He mentioned that some of the potential areas that Italy is interested in extending its economic cooperation are dairy, livestock, plastics, food, and the construction sector.

Ambassador Ferrarese said Italy was already providing upgraded machinery to the agriculture, marble and leather industry of Pakistan. He highlighted that the Italian government had also financed the Italy-Pakistan Textile Technology Center (IPTTC) in Faisalabad at the National Textile University (NTU) to assist the textile sector.

Lastly, he mentioned that a huge number of exports were made from Pakistan to Italy and many imports were also made from Italy to Pakistan of various goods.