Financial Updates

The blog "FINANCIAL UPDATES" consists on exclusive economic and commerce news about across the world particularly Pakistan economy

Sunday, October 6, 2013

Italy to donate 0.3million Euro for earthquake affectees

The Italian Ambassador in Pakistan Ambassador Chiodi Cianfarani called on the Finance Minister Senator Ishaq Dar at the Finance Minister’s Office this morning.

The Italian Ambassador conveyed the sympathies of the people and government of Italy over the recent earthquake in Balochistan and offered to donate 300000 Euros for the earthquake affectees in Balochistan.

Ambassador Cianfarani also informed the Finance Minister that Italian Vice Minister of Foreign Affairs plans to visit Pakistan and would be accompanied by a business delegation .Italy, he said is keen to expand the existing bilateral economic relations between the two countries.

Ambassador Cianfarani informed the Finance Minister that Italy has agreed to provide a  Debt  relief  of Rs5.7billion  to Pakistan  which can now be utilized by   the government of Pakistan  for  its  Poverty Alleviation program  as well as Citizens Damage Control programmes.

The Finance Minister said that Pakistan values its relations with Italy and is keen to expand economic ties with it

The Finance Minister thanked Italy for supporting Pakistan’s case in IMF and expected the hope that it would also extend its support in European Union for grant of GSP plus to Pakistan.

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