Italy’s Ambassador to Pakistan Andreas Ferrarese on Sunday announced that a new economic missions would be deployed in Pakistan to further promote bilateral trade and economic cooperation in different areas.
According to the details, the new economic mission would initially be established in major cities of the country, including Karachi and Islamabad and would later be expanded to other potential trade hubs to increase the economic and trade integration between Pakistan and Italy.
Ferrarese said that there was huge trade potential in different sectors of the economy which needed to be explored and in this regard, both sides were engaged in dialogue through the Pak-Italy Joint Economic Commission, a meeting of which is expected to meet in Rome soon.
He said the green economy, transfer of technology for the industrial sector including textiles and agro-industry, construction sector, education and health are major areas of focus to extend the bilateral cooperation.
The Italian ambassador said that currently, Italy was providing technical assistance to Pakistan in agriculture and upgrading the textile sector through modern machinery, value addition in agriculture, leather and marble sectors.
Replying to a question on trade with European Union (EU) countries, he said out of its whole trade contribution to EU, Pakistan’s share with Italy was 10 per cent, which would be enhanced in the future.It is pertinent to mention here that Italy is the largest contributor from the EU to Pakistan in remittances.