ITALIAN TRADE COMMISSIONER DISCUSSES INCREASE IN COOPERATION WITH MINISTERS OF DEFENSE,INDUSTRIES,FINANCE AND PETROLEUM

Founder Editor Tazeen Akhtar..

Islamabad: Dec16,17- 2015 (Pakistan in the World Report) Italian Trade Commissioner Mr. Riccardo Monti, concluded his two days visit to Pakistan.He met with Federal Ministers of Defense,Water Power,Finance,Economic Affairs,Industries and Production,Petroleum and Natural Resources during his stay in Islamabad.Details are as under:

PAKISTAN IS SAFE FOR INVESTORS AND INVESTMENTS…….GHULAM MURTAZA KHAN JATOI

Islamabad - Dec 16, 2015 - Federal Minister for Industries & Production Ghulam Murtaza Khan Jatoi has said that Pakistan is a safe country for investors & investments. He said this while talking to Italian Trade Commissioner Mr. Riccardo Monti, who is on a two days visit to Pakistan. The Minister welcomed Mr. Riccardo Monti in Pakistan and said that his visit to Pakistan reflects his country’s interest to expand its trade and business relationship with Pakistan.

The Minster said that Pakistan has dedicated National Industrial Parks and Export Processing Zone with special Tax concession where Italian companies can set up their units and also have opportunity to establish their independent units to avail the same facilities. Highlighting the initiative of the present government to promote trade and investment in the country, the Minister said that Pakistan has become an investor friendly state where import of raw material has been declared duty free and upto 80% of the finished products could be exported to other countries. The Federal Minister also apprised Mr. Monti that the present Government has taken special measure to provide security to the investors. Historic tax concessions and attractive investment opportunities are being offered which are unparallel in the whole region, the Minister asserted.

While discussing the potential areas to enhance cooperation in various sectors between two countries, the Minister highlighted that in Pakistan there is the large potential to invest in auto mobile sector, agriculture and textile machinery, power plant erections and re-fabrications.

Mr. Monti praised the quality of Pakistan’s textile product and shown his country’s interest to further expand co-operation and investment in textile products and machinery, auto spare parts and components, leather goods, and agriculture machinery. He also offered to open vocational training and educational institutions here in Pakistan to provide technical training to educated youth

Italian Trade Commissioner Calls On Minister for Water and power

Islamabad: December 16, 2015Mr. Riccardo Monti, Italian Trade Commissioner called on Kh. Muhammad Asif, Federal Minister for Water & Power here in his office in Islamabad.

They discussed cooperation in the field of auto sector, infrastructure development, energy sector and defense.

It was apprised that the Italian have great capacity in  renewable energy mainly in solar energy and hydra power. They officers their services to the People of Pakistan to harness the energy issue.

Speaking on the occasion, The Minister said that Pakistan would get benefit from the experiences of the Italian scientist particularly in energy and environmental protection

Both the side  agreed that for the environmental protection, environmental engineering may popularized in Pakistan as unfortunately Pakistan have done  almost nothing for the  treatment of industrial and municipal waters.

They also agreed that joint working groups might be constituted to explore the feasible avenues in cooperation of various sectors which have social economics significance in the country.

TRADE COMMISSIONER OF ITALY MEETS ISHAQ DAR

Islamabad: December 17, 2015-The visiting Trade Commissioner of Italy, Mr. Riccardo Monti called on the Federal Minister for Finance Senator Mohammad Ishaq Dar here on Thursday. He was accompanied by the Italian Ambassador, Stefano Pontecorvo.

Mr. Monti on this occasion apprised the Minister of his country’s strong resolve to foster cooperation with Pakistan in different fields including agriculture, leather goods and textile sectors. He said Italy could contribute both in terms of providing technical knowhow as well as funding different projects.  He particularly mentioned about Italy’s expertise in the marble industry and said his country could consider undertaking training programme for Pakistani experts in this field.  He further said that Italy would invite Pakistani delegations from different spheres  for interaction with  Italian professionals.

The Italian Trade Commissioner evinced particular interest in the automobile sector and said as soon as Pakistan announces its auto policy, leading Italian automobile companies including Fiat would visit Pakistan and seek business opportunities here. He also offered close collaboration in the fields of pharmaceuticals and healthcare.

He also shared with the Finance Minister details about Italian companies’ vast experience in hydropower generation projects and building large dams.

The Finance Minister welcomed Italian government’s initiatives to have close cooperation with Pakistan in different sectors. He informed Mr. Monti about the Dasu and Diamer Basha projects. He said whereas Dasu had already achieved financial close, Pakistan would welcome Italian cooperation and assistance for the Diamer Basha Dam.  The Minister said that all possible facilitation would be extended to the Italian companies for having business ventures in Pakistan and added that Board of Investment and the Ministry of Commerce would play the lead role in this regard.  The Minister emphasized greater economic and trade cooperation between Italy and Pakistan. He said that collaboration in the fields of energy sector, agriculture, livestock based food industry, textiles and automobile industry can be productive as both countries enjoy potential in these areas.