Pak's exports to Italy exceed imports level: Mian Kashif Ashfaq.

ISLAMABAD -- Chief Executive Officer Pakistan Furniture Council (PFC) Mian Kashif Ashfaq Sunday disclosed that for first time in Pakistan's history, the country's exports to Italy exceeds the imports from Italy depicting upward trends in promotion of bilateral trade between the two countries.

Talking to a delegation of exporters and importers led by honorary Investment Consular and Tourism Ambassador for Italy Muhammad Sheheryar Khan, he said bilateral trade volume between Italy and Pakistan has exponentially grown from pound 1.42 billion in 2019 to pound 1.52 billion in 2021.

He said Ambassador of Italy to Pakistan, Andreas Ferrarese, is a key driving force behind the further cementing trade relations with both countries.

He said although global trade shrank during the Covid-19 pandemic, Pakistan's exports to Italy in 2021 grew by 22.1%, with a total value of pound 763.51 million. In the same period, Italian exports to Pakistan saw an increase of 48.6%, with a total value of pound 754.06 million. The trade volume in Jan-Feb 2022 stood at pound 289.37 million compared to pound 203.41 million during the same year in 2021 he added.

With its unique geo-strategic location and improved security conditions, Mian Kashif Ashfaq further said that Pakistan offers excellent investment opportunities for Italian companies. With a population of around 220 million and a constantly growing demand for high-end products, Pakistan remains an attractive market for Italian manufacturers and businesspeople.

He said It is worth mentioning that remittances from Pakistani workers...