Pakistan call on Italian companies to set up their independent units

YarnsandFibers News Bureau 2015-12-17 14:00:00 – Islamabad

Federal Minister for Industries and Production Ghulam Murtaza Khan Jatoi welcoming the Italian Trade Commissioner Riccardo Monti, who is on a two day visit to Pakistan said that Pakistan is a safe country for investors and investments as it has dedicated National Industrial Parks and Export Processing Zone with special Tax concession where Italian companies can set up their units and also have opportunity to establish their independent units to avail the same facilities.

The Minister further added that visit of Italian Trade Commission to Pakistan reflects his country's interest to expand its trade and business relationship with Pakistan.

Highlighting the initiative of the present government to promote trade and investment in the country, the Minister said that Pakistan has become an investor friendly state where import of raw material has been declared duty free and upto 80% of the finished products could be exported to other countries.

The Federal Minister also apprised Mr. Monti that the present Government has taken special measure to provide security to the investors.

Historic tax concessions and attractive investment opportunities are being offered which are unparallel in the whole region.

While discussing the potential areas to enhance cooperation in various sectors between two countries, the Minister highlighted that in Pakistan there is the large potential to invest in textile machinery and agriculture, auto mobile sector, power plant erections and re-fabrications.

Mr. Monti commending on the quality of Pakistan's textile product, showed interest to expand co-operation and investment in textile products and machinery, auto spare parts and components, leather goods, and agriculture machinery.

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