Italian Ambassador to Pakistan Stefano Pontecorvo has said the businessmen of his country see Pakistan as an emerging market and they are keen to make investment and joint ventures in various economic sectors. While speaking at a meeting with Director of Pakistan Stone Development Company (PSDC) Ch Khadim Hussain, the Ambassador said that private sector of Pakistan has the ability to do "economic miracles". Pakistan is the most important country of Asia with a bright future. Pakistani businessmen should have strong liaison with their Italian counterparts to extract huge benefits from Italian expertise, he said.
The Ambassador said there is a huge business potential in the two countries that should be tapped. He asked the PSDC director to constitute a sector-specific business delegation for Italy to explore trade and investment opportunities. There is a vast scope for joint ventures in energy, pharmaceutical, agro infrastructure, automobile, textile and marble sectors, he added.
Khadim Hussain said that Pakistan and Italy should hold sector-wise study to evolve a comprehensive joint strategy to enhance volume of trade between the two countries. He said that Italy had been very supportive to Pakistan within the EU with special reference to trade-related issues. Pakistan attaches the highest importance to its relations with Italy, he said.
He said the environment in Pakistan is very conducive to business for the Italian investors who can invest in marble, energy, agro-based industries, construction, mining, textiles and tourism sectors where Pakistan could contribute and find complimentary areas in design and fashion.
He said Italian businessmen could take advantage from the investment-friendly policies. The foreign investment is also being provided legal protection, he said. It is high time for the Italian investors to come to Pakistan as it is fast becoming hub of economic activities in the region.
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