Pakistan Muslim League-Nawaz (PML-N) senior leader Muhammad Pervez Malik has offered Italian investors to join hands with their Pakistani counterparts as the present government is taking unprecedented measures to facilitate foreign investment.
He said this while talking to the Ambassador of Italy Adriano Chiodi. Head of Economic and Commercial Dr Federico Bianchi, MNA Shaista Pervez Malik, Ali Pervez and Barrister Ahmad Pervez were also present on the occasion. The PML-N leader said since Asia is fast emerging as future market of the world; therefore, the Italian businessmen should visit Pakistan to have first hand knowledge about the business potential of this resourceful country. He said the availability of cheap labour and abundance of natural resources are of great attraction for the potential foreign investors.
Pervaiz Malik said the climate for foreign investors is so conducive that they could now have 100 percent equity and there is no restriction on remitting dividend and profits, etc. He said Italian investors can invest in agro-based industries, construction, mining, textiles and tourism sectors, where Pakistan could contribute and find complimentary areas in design and fashion. Other sectors included IT and telecommunication.
The PML-N leader said Italian businessmen could take advantage from the investment-friendly climate of Pakistan that offered best return on the foreign investment with economic policies providing for legal protection to foreign investment. Despite ups and downs and other problems, not a single foreign investor has suffered in Pakistan, he added.
Malik said Italy has been very supportive to Pakistan with special reference to trade-related issues. He said Pakistan attaches great importance to its relations with Italy in various fields. He said Pakistan and Italy should hold sector-wise study to evolve a comprehensive joint strategy to enhance volume of trade between the two countries.
He said it is high time for the Italian investors to come to Pakistan and make investments as the country is fast becoming hub of economic activity in the region. He said there is vast scope in the field of dairy products in which Italy enjoys expertise and hence both the countries can make huge profits. The Italian Ambassador Adriano Chiodi highlighted the economic outlook of his country saying that Italy has a diversified industrial economy.
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