Pakistan, Italy can massively lift bilateral trade: Ambassador Andreas Ferrarese

Newswire

Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese has said that a massive potential existed for Pakistan and Italy to lift the bilateral trade volume to $5 billion.
In an interview, he said Italy attached the utmost importance to its relations with Pakistan and all-out efforts are being made to boost economic ties with Islamabad.

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 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.”