Italy to provide Rs5.7b debt relief to Pakistan

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THE NATION, ISLAMABAD, 07th OCTOBER 2013:- The Italian Ambassador to Pakistan Chiodi Cianfarani called on the Finance Minister Senator Ishaq Dar at his office on Sunday.
The Italian ambassador conveyed the sympathies of the people and government of Italy over the recent earthquake in Balochistan and offered to donate 300,000 Euros for the earthquake affectees.
Ambassador Cianfarani also informed the 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 minister that Italy has agreed to provide a debt relief of Rs5.7billion to Pakistan, which can now be utilised by the government of Pakistan for its poverty alleviation programme 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.
He 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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