Italian companies keen to invest in Pakistan: Ambassador Andreas Ferrarese

Lahore: Italian Ambassador to Pakistan Andreas Ferrarese Wednesday said that several Italian companies were looking at Pakistan as a possible investment destination since Pakistan provides lower labour costs.

The envoy urged Islamabad to join hands and work together in a bid to minimise losses and enhance productivity in the post-Covid-19 era.

In a meeting with All Pakistan Business Forum (APBF) President Syed Maaz Mahmood and Secretary-General Khurram Niaz Khan, the Italian ambassador said his country gave utmost importance to relations with Pakistan and all-out efforts would be made to boost economic ties. Both the sides agreed to enhance mutual ties, especially in the areas of trade and economy.

The APBF and the Italian embassy reached an understanding to cooperate in key development areas like promotion of mutual trade links, facilitating closer understanding between business communities of Italy and Pakistan, promoting B2B meetings and visits of business delegates, increasing educational ties and working in collaboration for social development.

Speaking on the occasion, Mahmood reiterated that the APBF would continue to put in its best efforts for providing the most favourable business environment in Pakistan, and would identify and engage resourceful organisations and vital entrepreneurs to create and capitalise on new opportunities for mutual development and growth.