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New economic opportunity for Pakistan.

We always hear that there are a lot of opportunities for Pakistan in terms of economy, Recently Pakistan has been associated with Amazon. Additionally, Pakistan is away from an agriculture-based economy to a service and manufacturing-based economy. Similarly, a new opportunity has presented itself due to the efforts of the Ambassador of Pakistan to Italy Jauhar Saleem. 

“Negation between both of the sides on enhancing cooperation in the fields of trade, labour market, tourism, agriculture, energy, investment, innovation and skills and media sectors are in the final stages,” he said while talking to the media through 2nd series digital ‘Zoom Link’ webinar organised by the embassy of Pakistan in Rome.

Italy and Pakistan have agreed on a labour agreement that gives Pakistan massive access to the Italian labour market.

He informed that Pakistan has been added to the Italian seasonal work visa, which will provide immense opportunity for our labour force working in the agriculture and services sector to come and work in Italy with legal entry mode.

“The mission is promoting joint venture mode for Italian investment in Pakistan that will help in technology and skill transfer to our businesses.” once the travel ban is lifted there will be several trade delegations heading to Pakistan.

“He also highlighted the initiatives that have been taken to promote tourism, especially capacity building of Pakistan’s tourism sector stakeholders through Italian experts”

The numbers below seem to justify what the ambassador has created and will create in the future

Meanwhile, he informed that Pakistan has posted a trade surplus of $300 million with Italy in the fiscal year 2020-21, which is 49 per cent higher than the previous year of 2019-20. The ambassador informed that Pakistan’s exports to Italy have reached an all-time high of $786 million in FY 2020-21. These numbers indicate the economic boom in both the countries that are working cohesively to benefit the citizens of their countries.

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