Italian Ambassador to Pakistan calls on Finance Minister Ishaq Dar

Islamabad, August 04, 2014 (PPI-OT): Mr. Adriano Chiodi Cianfarani, Italian Ambassador to Pakistan called on the Finance Minister, Senator Ishaq Dar at the Finance Ministry today.

The Finance Minister informed the Ambassador about the positive trends in Pakistan economy and said that we have liberalized our economy in order to facilitate foreign direct investment in the Country. He said that there is a general appreciation by the international financial institutions on the positive outlook and performance of economy during the last year. He underlined that there is huge opportunities for Italian Companies and Investors to invest in Pakistan which has a huge market.

The Italian Ambassador briefed the Finance Minister on ongoing cooperation between the two countries and said that there is an increasing interest in Pakistani market by Italian investors. He informed that during the last year, there is an increase in trade volume and the GSP plus status will further enhance bilateral trade. He briefed the Minister on exchange of business delegations for harvesting the trade potential. He also gave a brief account of Italian financial assistance being provided to Pakistan including contribution to Pakistan Poverty Alleviation Fund, Post Flood Aid and Debt Swap Agreement. He further informed that his country is willing to provide soft loans for energy and education sectors in Pakistan.

The Finance Minister appreciated the efforts made by the Ambassador to enhance trade and economic relations between the two countries and said that in line with the political vision of the PML-N leadership, the government is focusing on enhancing trade instead of seeking aid. He said that Italy has been a great friend and we appreciate its cooperation with Pakistan in the multilateral forums. The Finance Minister assured the Ambassador that both the countries will cooperate with each other in enhancing trade relations and facilitating investment.

The Ambassador extended invitation from Italian Finance Minister to Senator Ishaq Dar for attending Asia-Europe Finance Ministers meeting to be held in Milan, Italy on September 12, 2014, which will provide an opportunity for multi-lateral and bilateral cooperation to the countries of the two continents.

Mr. Saleem Sethi, Secretary Economic Affairs Division, Rana Assad Amin, Advisor to the Finance Ministry, Mr. Shahid Mahmood Additional Finance Secretary/SA to Finance Minister and senior officials of the Finance Ministry also attended the meeting.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326

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