LAHORE: The Italian Development Committee (IDC) and Punjab Board of Investment and Trade (PBIT) have shared their ideas to increase investment opportunities in Punjab.
IDC (Lahore Chapter) Chairman Masud Akhter briefed the PBIT team about the IDC’s functions, projects and the MoUs signed particularly in education, technology, agriculture, leather and petroleum sectors of Pakistan.
The IDC has successfully built its image as investment facilitator between Italy and Pakistan by working closely with Italian and Pakistani authorities, besides helping business communities of both countries to identify, develop and build projects.
IDC President Tariq Ikram shared the details regarding some successful as well as failed investment projects they had struggled in the past. IDC Secretary General Amna Gul Muqri spoke about a number of sector-specific roadshows, they were planning to organise and participate internationally by taking numerous Pakistani companies and institutions on board so that they could build up a strong interface with Italian potential partners.
PBIT Director General Lubna Pathan stressed the need to work further than just the exchange programmes between the educational institutions, and assured the delegation of their full support in bringing more investment projects to Pakistan.
Italy is an active investor in Pakistan that has provided Islamabad $100 million under the Pakistan-Italian Debt for Development Swap Agreement to social development projects in health, education and sanitation, in Pakistan. Italian government has agreed to provide a credit line equivalent to $10 billion for Italian investors willing to invest in Pakistan
