Italy to double investment in Pakistan this year

[Khan_21]

http://tribune.com.pk/story/1150789/italy-double-investment-pakistan-year/

ISLAMABAD: Italian Ambassador to Pakistan Stefano Pontecorvo has stated that the European country sees doubling investment in Pakistan within a year as more Italian firms are looking for partnership with Pakistani businessmen.

“A mission consisting of 80 to 120 Italian businessmen will visit Pakistan in the current year to look into opportunities for partnership with Pakistani counterparts in different sectors,” said Pontecorvo during the signing ceremony of Pak-Italy friendship contract between Agha Steel Industries and Italian Danieli.

This is a maiden agreement between any industry of Pakistan and Italy and the project includes complete reconstruction of the electric arc furnace (EAF) and a new fume treatment plant.

Under the project, Aga Steel Industries will utilise the largest steel manufacturing furnace in Pakistan to make quality grade reinforcing bars (rebars) for the upcoming growth in steel demand due to China Pakistan Economic Corridor (CPEC) related projects.

Pentecorvo said this time around the delegation was small however as business collaboration expands so will delegates. “Italy sees significant potential for partnership and investment in Pakistan in various fields as the country has a dynamic economy with significant growth opportunities.”

In the first phase, the Italian companies will focus on steel, agriculture machinery/technology, ICT, infrastructure, mining, textile, pharmaceutical and leather goods.

Besides, there is also potential in the automotive sector, both in the two wheels and four wheels industry.

“Italy is the fourth largest investor in Pakistan following China, UAE and Hong Kong with a total investment valuing at $100 million along with bilateral trade worth €1 billion,” said the ambassador.

Concerning the challenges of doing business in the country, the ambassador said there were certain issues regarding the imbalance and clarity of tariff, which need to be addressed by the government.

Also present on the occasion, the Board of Investment Chairman Miftah Ismail said Pakistan and Italy have a good relationship in a variety of fields and it is now time to further strengthen it.

Meanwhile, the Agha Steel Industries Executive Director Hussain Agha said his firm was the fastest growing steel manufacturing company in Pakistan and revealed the company intended to have an Initial Public Offering (IPO) soon. “By choosing Denieli as our technology supplier, it is a testament that we are focused on the utmost value creation for our upcoming shareholders during the IPO,” he said

 

[AZADPAKISTAN2009]

Thank you to those Roman Empire residents

 

[50cent]

Bring veSpa I miss it

 

[ebrahym]

Bring veSpa I miss it

 

[50cent]

Kaun Bhai masala kya ha veSpa say

 

[ebrahym]

Kaun Bhai masala kya ha veSpa say

bhai jab main chota tha tou ek dafa accident ho gya tha ....... phr mere chachu ny liya aur mere paon ni thy lagty nichy aur main chalaty huye gir gaya ............ allhamduliah jab mere paun pohanchny lagy main ny apna badla liya aur chachu ka vespa us uncle k vespa sy mar diya jinhu ny mjy mara .................. you see mera aur vespa ka eyt vaty wala veir hai

 

[MarkusS]

Thank you to those Roman Empire residents

thanks for nice words

 

[50cent]

bhai jab main chota tha tou ek dafa accident ho gya tha ....... phr mere chachu ny liya aur mere paon ni thy lagty nichy aur main chalaty huye gir gaya ............ allhamduliah jab mere paun pohanchny lagy main ny apna badla liya aur chachu ka vespa us uncle k vespa sy mar diya jinhu ny mjy mara .................. you see mera aur vespa ka eyt vaty wala veir hai

Bechare veSpa ko bhi ik mauqa Milan Chaiya ha apna badla Lena ka kiya or monopoly Tornay ka kiya bhe

 

[ebrahym]

Bechare veSpa ko bhi ik mauqa Milan Chaiya ha apna badla Lena ka kiya or monopoly Tornay ka kiya bhe

jigar pata ni apny mera itna lamba confession parha k ni .....................
Vespa started it i ended it ........... ab tum phr sy vespa ko bula rahy ho tou ye tou phr zayadati hai
bhai tou bhai ka baazu hota hai

 

[Paksanity]

thanks for nice words

Bring these two back in Pakistan. Japanese are killing us. You will get good business here. Just bribe a few politicians

 

[denel]

Bring these two back in Pakistan. Japanese are killing us. You will get good business here. Just bribe a few politicians


View attachment 321550 View attachment 321551

Fiat is a dud here; its been here for a very long time - but like they say Uuu No no no for Uno. My say a friend survived a head on collision in one of those vehicles.

 

[Paksanity]

Fiat is a dud here; its been here for a very long time - but like they say Uuu No no no for Uno. My say a friend survived a head on collision in one of those vehicles.

You would redefine 'dud' when you see what Japanese are selling here at what price! Trust me on this, mate.

 

[denel]

You would redefine 'dud' when you see what Japanese are selling here at what price! Trust me on this, mate.

Dont you have full manufacturing .. not knock down assembly? Core Toyota products are completely local from hilux, corolla, land cruiser 79; mazda; Volkswagen; bmw 3 series and Mercedes C class.

 

[Paksanity]

Dont you have full manufacturing .. not knock down assembly? Core Toyota products are completely local from hilux, corolla, land cruiser 79; mazda; Volkswagen; bmw 3 series and Mercedes C class.

Manufacturing is local except a few high end parts but they are way scaled down from international versions. They don't even put airbags in a car selling for $20,000 here. Can you belive that?

 

[Path-Finder]

You would redefine 'dud' when you see what Japanese are selling here at what price! Trust me on this, mate.

Trust me you don't Want Fiat or French car makers in Pak. I say it with experience. stick to Japanese and German