Italian envoy sees huge trade, investment opportunities in Pakistan dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
Italian envoy sees huge trade, investment opportunities with Pakistan dunyanews.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dunyanews.tv Daily Mail and Mail on Sunday newspapers.
Daily Times Ambassador says Italy committed to enhance economic cooperation with Pakistan
April 7, 2021
The Italian leading energy and gas company, Snam S.p.A, has shown keen interest to invest in country’s power sector, Ambassador of Italy to Pakistan Andreas Ferrarese said.
Talking to APP here on Tuesday, the Ambassador said that the company plans to visit the country in near future and join those Italian companies which already have an investment or around $ 1.5 billion in the country’s energy sector.
The Ambassador informed that Snam S.p.A is an Italian energy infrastructure company, who want to bring investment in energy sector including compressed natural gas (CNG) and Liquefied Natural Gas (LNG) to enhance the local capacity in this sector. He said that Snam have a market capitalization of €15.4 billion originally a subsidiary of Italian energy company Eni.
Andreas Ferrarese, Italian Ambassador
“I had great expectations but Pakistan is always more than what I expect,” said the Italian ambassador Andreas Ferrarese in a recent meeting at
Dawn’s office. Amid the usual flowery words of Pakistan being a country with great traditions and a young population with positive energy, the ambassador expressed interest in deepening ties between the two countries.
At $1.5 billion, Pakistan-Italy trade is a below its potential. “I was in Lebanon and with its population of four million people, trade was $1.2bn. So there is a lot of room for bilateral trade to grow.”
Pakistan’s main exports are of textile, leather, rice and ethanol. They stood at $731m in the last fiscal year. Imports were $521m. They were mostly of machinery, petroleum products, vehicles, iron and steel and pharmaceuticals.