Islamabad: Jauhar Saleem, Pakistan’s ambassador to Italy, said on Friday that Italian businessmen and companies were ready to participate in various sectors of Pakistan’s economy, bolstering the two countries’ economic connections.
During a press conference, Saleem stated that Italian firms new to the Pakistani market are currently investing in a variety of areas, including food, steel, leather, textiles, tourism, information technology (IT), electric vehicles, and allied equipment.
The ambassador praised the Italian government, embassy, and private sector enterprises for their technical help and technology transfer, notably in the leather and textile sectors, which are critical to Pakistan’s economy, especially in terms of export capability.
He said the embassy was working to help Italy diversify its investment portfolio by pitching Pakistan’s priority industries for investment so that the Pak-Italy bilateral investment portfolio could develop sustainably.
He outlined some of the key causes behind the record increase in remittances over the last four quarters. According to the ambassador, Italy is Pakistan’s eighth largest export market, with Pakistan leading the market in some products such as rice.
According to Saleem, a delegation of roughly 40 Pakistani leather businesspeople will travel Italy next week, where they will meet with Italian consumers, investors, and tour some state-of-the-art leather production facilities, in addition to participating in an internationally acclaimed trade show.