Tuesday, November 28, 2023

Pakistan and Italy are exploring ‘new aspects’ to expand bilateral trade and commercial relations worth $5 billion

The Italian Ambassador Andreas Ferrarese said Italy attached the greatest significance to its relations with Pakistan and measures are under way to promote the commercial ties with Islamabad.

On a visit to the Lahore Chamber of Trade and Industry (LCCI), he stated that the Italian government is dedicated in every area of opportunity to enhance ties with Pakistan.

“Italy saves over $5 trillion and has significant space in the budget of investment programmes,” the envoy noted. “Pakistani investors ought to be able to make use of the investment opportunities.”

He underlined that Pakistan and Italy have a huge potential to increase bilateral trade to $5 billion. In Italy’s building, agricultural and tourist industries, he stressed that there were numerous prospects.

The envoy said that potential investors from Pakistan would receive Italian visas which have a duration of three to five years. “With this, business-to-business connections and trade links between the two countries would be strengthened.”

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