Italian investors keen to invest in marble, granite sector

ISLAMABAD : Ambassador of Italy Stefano Pontecorvo here on Thursday said that Italian investors are keen to invest in marble and granite sector of Pakistan.

The Italian Ambassador called on Chief Executive Officer of Pakistan Stone Development Company (PASDEC), Zahid Maqsood Sheikh and discussed issues pertaining to matters relating to mutual interest.

The Ambassador welcomed the ideas of mutual interest between the two countries and praised the efforts of PASDEC in the development of marble and granite sector of Pakistan. He declared the sector as top priority for enhancing collaboration between the two countries.

Pakistan, he said has huge reserves of natural stone, marble and granite and Italy possesses decades of experience in stone mining and processing adding that collaboration of two countries will be beneficial for their economies.

In this regard, the Italian embassy will soon mobilize and schedule visit of a delegation of potential Italian investors to Pakistan for exploring avenues of investment and joint ventures in the sector, he added.

The CEO PASDEC wished for mutual cooperation between Italy and Pakistan in achieving the targets for sector development. During the meeting, the CEO PASDEC gave a detailed presentation on potential of marble and granite sector and initiatives taken by PASDEC for development of the sector.

He informed that Pakistan is blessed with enormous marble and granite reserves spreading all over the country. He also shared with the ambassador PASDEC’s efforts for mechanization of quarries in the country as per international standards and said that PASDEC has imported almost all the quarry machinery from Italy.

APP

 

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