PR No. 174 Islamabad

The Ambassador of Italy to Pakistan, Mr. Stefano Pontecorvo called on Khawaja Muhammad Asif, Federal Minister for Water and Power and Defense here in his office at Ministry of Water & Power.

Areas of mutual interest, bilateral relations and investment opportunities in the power and defense sector in Pakistan came under discussion.

The ambassador commended the cordial relations Pakistan and Italy are enjoying at various levels. Speaking on the occasion, the ambassador said that Pakistan has many lucrative sectors where Italy would like to invest.

The Minister said that Pakistan is looking for strengthening relations with every country. He said that there is a lot of potential in Pakistan in the field of energy, defense, trade and scientific and technological development which needs to be exploited.

The Minister said that the energy sector is being made appealing for the investors and that foreign investment in the coal and hydel power generation will help to meet the country’s future requirements. “Investment in micro-hydel and Run of the River projects as well as in transmission and distribution in Pakistan will not only benefit Pakistan but will also be profitable for Italy”, added the Minister.

The Ambassador assured full support of Govt. of Italy in the fulfillment of development agenda of the government particularly in the Power sector and said that Italian investors are also have keen interest for more investment.