Pakistani market huge with 220 million population: Ambassador Andreas Ferrarese

Staff Writer

Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese said this week that Pakistan’s market was immense for Italians as its population was more than 220 million.

The envoy said the Italian Embassy is continuously inviting Italian companies and also to say that “we have a special place in the heart of our Pakistani brothers. I also would like to invite all of you to Italy, adding Pakistan remains an attractive market for Italian manufacturers and businesspeople.”,

In a media interaction, he maintained that the bilateral trade volume between Italy and Pakistan has grown exponentially to €2 billion in 2022, and Pakistan’s exports are more than imports in Italy.

Ambassador Andreas Ferrarese said although global trade shrank during the Covid-19 pandemic, Pakistan’s exports to Italy in 2022 grew to €1.2 billion. Italian exports to Pakistan were around € 800 million in the same period. Pakistan has a surplus with Italy, he added. “We will try to take the challenge and recover the next year, but the amount of our exports is more than the year before so, you grow more,” he added.