Serious efforts are being made to enhance Pak-Italy bilateral trade from $1.7 billion to its full potential of $4 billion.
It was said by Italian Ambassador in Pakistan Andreas Ferrarese while addressing a meeting along with his spouse at the Faisalabad Chamber of Commerce and Industry (FCCI). The ambassador said that he was posted about 9 months ago when corona was at its peak. He said that due to this reason, he had to wait for some time to fully understand the intricacies of the bilateral trade between the two countries.
Appreciating the quality of Pakistani textile products, he said that Italy-Pakistan Textile Technology Center (IPTTC) had been established at the National Textile University Faisalabad (NTUF) to give a new dimension to the Pakistani textile products so that these could compete in the international markets. He said that Italy could also provide new and state-of-the-art machinery to Pakistani industrialists which would also help them in technology transfer.
Earlier, Chaudhry Talat Mehmood, senior vice president of the FCCI, welcomed the Italian ambassador and his wife and said that corona badly hit the import and export, however, now the situation was gradually improving and we were expecting a positive trend in our bilateral trade. He suggested that we must promote a catalogue exhibition through zoom and online meetings with stakeholders of the two countries instead of organising delegations for direct face to face meetings. Later, Andreas Ferrarese along with his wife and SVP Talat Mehmood cut a cake to mark the birthday of Ch Rahmat Ali, the proposer of the name of the word Pakistan.
