Islamabad: On Wednesday, Italy’s Ambassador to Pakistan, Andreas Ferrarese, remarked that there are unexplored prospects for mutually beneficial investments and trade between Italy and Pakistan that will benefit both nations’ business and trade communities.
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The ambassador made these comments while holding a luncheon for key business leaders and presidents of different Pakistani trade chambers at his residence. He stated that the two countries’ commerce and cultural links are at an all-time high and that this is a fantastic opportunity to promote mutual trade and economic ties between the two countries.
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According to Ambassador Ferrarese, his country has the largest Pakistani diaspora in the European Union (EU). Workers’ remittances from Italy reached an all-time high of USD 601 million in the fiscal year (FY) 2020-21. He further revealed that Italy is now providing technical support to Pakistan in the areas of agriculture and textile upgrading.
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