PR No. 38 Islamabad: December 5, 2016.

The 2nd Session of Pakistan-Italy Joint Economic Commission was held today in Islamabad. The Italian delegation was led by H.E. Mr. Ivan Scalfarotto, Deputy Minister for Economic Development Italian Republic, whereas Pakistan’s side was led by H.E. Mr. Rana Muhammad Afzal Khan, Parliamentary Secretary for Finance, Economic Affairs, Statistics Privatization, Pakistan.

The inaugural session of JEC was held in Rome-Italy March 22-23, 2006. Both Sides agreed to form four working groups: Energy and Infrastructure development, Trade and Joint Venture, Agriculture and Agro Industries and Information Technology Collaboration.

After passage of a decade, the Second session of JEC has been held in Islamabad on 5th December, 2016. Along with the Italian Co-chair, 25 official delegates from different departments of Italy also participated in the JEC. From Pakistan’s side Secretary Economic Affairs Division and senior representative from Finance, M/o Foreign Affairs, Commerce, Water and Power, National Food Security & Development Climate change, Communication, Federal  Board of Revenue, Board of Investment and Provincial Departments of Agriculture participated in the event.

In the JEC, both governments discussed the current status of economic situation, an overview of reforms, priorities, bilateral institutional and trade relations.

Both Side identified areas of cooperation and agreed on the need to have greater economic and commercial exchanges for mutual benefit of the two countries.