{"id":85770,"date":"2022-04-29T15:40:06","date_gmt":"2022-04-29T10:40:06","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=85770"},"modified":"2022-04-29T15:40:12","modified_gmt":"2022-04-29T10:40:12","slug":"pakistans-export-italy-usd-1-billion","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pakistans-export-italy-usd-1-billion.html","title":{"rendered":"Pakistan\u2019s export to Italy to touch USD 1 billion mark"},"content":{"rendered":"\n<p>Islamabad: Pakistan&#8217;s Ambassador to Italy, Jauhar Saleem stated that the country&#8217;s exports to Italy will reach USD 1 billion during the fiscal year (FY) 2021-22, according to news sources on April 29. Exports were reported to have increased by 41% this year compared to the previous fiscal year (FY) 2020-2021.\u00a0\u00a0<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/italy-documentary-pakistans-tourist-sites.html\" data-type=\"post\" data-id=\"82776\" target=\"_blank\" rel=\"noreferrer noopener\">Italy to screen 3-part documentary on Pakistan\u2019s tourist sites<\/a><\/p>\n\n\n\n<p>During a Zoom session with journalists, the ambassador stated that exports had reached USD 805 million in the first nine months of the current fiscal year. This has resulted in a USD 372 million trade surplus that is 65% higher than the same period last year. According to the ambassador, the services industry has been the most significant sector in expanding trade between the two countries.\u00a0<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/lahores-first-wastewater-treatment-plant.html\" data-type=\"post\" data-id=\"81555\" target=\"_blank\" rel=\"noreferrer noopener\">European Agency to work on Lahore\u2019s first wastewater treatment plant<\/a><\/p>\n\n\n\n<p>Moreover, Ambassador Saleem also highlighted the remittances potential of the Non-Resident Pakistanis (NRPs) residing in Italy. The NRPs have spent USD 639 million during the first nine months (July-March) of FY22.&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p>In response to the questions over the Basmati rice market in the EU, he said that Pakistan has successfully maintained Basmati&#8217;s exclusive Geographical Indication (GI) with 38% of the rice exported, while India has contributed just 12 % of the overall rice market. He said that Italian companies are in touch with the Pakistani authorities and will invest in energy, food processing, leather, textile, construction, and furnishing sectors.\u00a0\u00a0<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/italy-provide-funds-for-tourism-development-multan.html\" data-type=\"post\" data-id=\"60525\" target=\"_blank\" rel=\"noreferrer noopener\">Italy to provide funds for tourism development in Multan<\/a><\/p>\n\n\n\n<p>Mr Saleem also shared details about the Italian Seasonal Work Visa for 2022, under which Italy would allow 69,700 seasonal workers to work in the agriculture and services sector in 2022. In addition, he said that both the countries are in formal negotiations over a labour agreement which would open the Italian market for the Pakistani citizens.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Pakistan&#8217;s Ambassador to Italy, Jauhar Saleem stated that the country&#8217;s exports to Italy will reach USD 1 billion during the fiscal year (FY) 2021-22, according to news sources on April 29. Exports were reported to have increased by 41% this year compared to the previous fiscal year (FY) 2020-2021.\u00a0\u00a0 Read: Italy to screen 3-part documentary on Pakistan\u2019s tourist sites During a Zoom session with journalists, the ambassador stated that exports had reached USD 805 million in the first nine months of the current fiscal year. This has resulted in a USD 372 million trade surplus that is 65% higher than the same period last year. According to the ambassador, the services industry has been the most significant sector in expanding trade between the two countries.\u00a0 Read: European Agency to work on Lahore\u2019s first wastewater treatment plant Moreover, Ambassador Saleem also highlighted the remittances potential of the Non-Resident Pakistanis (NRPs) residing in Italy. The NRPs have spent USD 639 million during the first nine months (July-March) of FY22.&nbsp;&nbsp;&nbsp;&nbsp; In response to the questions over the Basmati rice market in the EU, he said that Pakistan has successfully maintained Basmati&#8217;s exclusive Geographical Indication (GI) with 38% of the rice exported, while&hellip;<\/p>\n","protected":false},"author":84,"featured_media":78926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385],"tags":[52172,52171,52170],"persona":[],"class_list":{"0":"post-85770","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"tag-bilateral-relations-italy","9":"tag-italy-pakistan-ties","10":"tag-pakistans-export-to-italy-to-touch-usd-1-billion-mark","11":"cat-20385-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistan\u2019s export to Italy to touch USD 1 billion mark - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Pakistan&#039;s Ambassador to Italy, Jauhar Saleem stated that the country&#039;s exports to Italy will reach USD 1 billion during the fiscal year (FY)\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pakistans-export-italy-usd-1-billion.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan\u2019s export to Italy to touch USD 1 billion mark - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Pakistan&#039;s Ambassador to Italy, Jauhar Saleem stated that the country&#039;s exports to Italy will reach USD 1 billion during the fiscal year (FY)\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pakistans-export-italy-usd-1-billion.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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