Press Release

Special Assistant to Prime Minister (SAPM) for Government Effectiveness / Deputy Chairman Planning Commission accompanied by Secretary BoI visited Headquarters of Italian Trade and Investment financial companies here in Rome and met the President Italian Company for Foreign Investments (SIMEST), and representative of Deposits and Loans Fund (CDP), Italian Export Credit Agency (SACE), Directorate General Globalization of Ministry of Foreign Affairs & International Cooperation were also present on the occasion.

SAPM underscored the initiative to reform Pakistan’s investment regime, through Special Investment Facilitation Council (SIFC), its focus, functions and the future roadmap. Highlighting investment opportunities in sectors such as Agriculture, Energy & Mining and solicited support for the EXIM Bank. He extended an invitation to the institutions to organize a joint visit to Pakistan in March 2024.

During the hourlong interaction, the Italian side shared insights into their respective models for trade and investment finance, emphasizing areas of potential collaboration with Pakistan.

President SIMEST welcomed recent developments in Pakistan’s economy, positive IMF reviews, domestic fiscal measures and noted the timing as being good for Italian companies to explore Pakistan as a destination for investment and a promising future economic collaboration. He assured of technical assistance for newly established EXIM Bank of Pakistan.

The meeting was one of the four key bilateral interactions organized by the Embassy for the visiting delegates on margins of their weeklong participation at the FAO ‘Hand in Hand Investment Forum’.

Pakistan Embassy, Rome.
October 27, 2023.