Founder Editor Tazeen Akhtar..

Lahore (Staff Reporter) An Italian delegation consisting of executives from various Italian companies and headed by the Italian Ambassador to Pakistan, H.E. Stefano Pontecorvo, visited the Punjab Board of Investment and Trade’s headquarter in Lahore today 25 March. The purpose of this visit was to discuss business relations between the two countries and how to increase bilateral trade that would be beneficial to Pakistan and Italy.

One of the Italian executives was the General Manager of Goglio, one of the biggest packaging manufacturers in Italy. They specialize in food packaging for example fruit juices and olives and are the front-runners in the food packaging industry in Italy. They were interested in getting raw materials from Pakistan and were extremely impressed with Pakistan’s potential. 

Mr. Wasim Zakaria, chairman of Footlib was also present at the meeting and discussed possible collaborations with various Italian businessmen in the leather and shoe industries. He shared with the participants’ formation of a cluster with an Italian company that would consist of 15 other Italian shoemakers who would set up a shoe making plant in Punjab. Mr. Syed Hassan Raza of Syed Traders was also very enthusiastic to collaborate with the Italians regarding the processing in the dairy industry. He mentioned that a 45,000 buffalo farm being created to cater to the rising demand for milk, along with producing mozzarella cheese in Pakistan and to supply Halal meat to surrounding countries. 

“Pakistan’s dairy and livestock industry is rapidly rising and a major Saudi Arabian livestock farm is planning to resettle in Punjab due to their own country’s unfavorable farming conditions” said Ms. Amena Cheema, CEO PBIT.

H.E. Stefano Pontecorvo urged Italian collaboration with Pakistan in many industries and sectors such as, Livestock & Dairy, Packaging, Footwear and Mines & Minerals. 

The CEO of PBIT, Ms. Amena Cheema was very pleased about the prospect of Italian investment in Punjab. Overall the meeting was fruitful and further meetings are planned to discuss the future plan of action for the increase in trade between Pakistan and Italy.