March 20, 2016
News
‘Italian companies explore Pakistan as investment option’
KARACHI: Italian Ambassador to Pakistan Stefano Pontecorvo has said that a large number of Italian companies is presently exploring Pakistan as an investment option because the country has ample supply of cheap labour and potential to become a regional hub of exports.
He was addressing the members of the All Pakistan Business Forum at a hotel along with Italian Association of Foreign Trade (AICE) Secretary General David Doninotti and several representatives of Italian companies. The meeting was arranged by the APBF to promote trade relations between Italy and Pakistan through B2B meetings and matchmaking in various sectors.
“Pakistan provides significant trade links to China and the Central Asian Region.”
Stefano Pontecorvo observed that several Italian companies, including Fiat, were viewing Pakistan as the next possible investment destination. Italy’s Fiat made a brief foray in the 1990s, but failed to gain a foothold before the financial crisis forced it to exit. He informed the APBF members that a delegation of Italian businessmen had visited all major industrial cities of Pakistan to establish contacts with the business community.
Courtesy www.dailytimes.com.pk