April 11, 2006	Tuesday	Rabi-ul-Awwal 12, 1427

KARACHI, April 10: The environment is very conducive to investment in Pakistan. This was stated by Italian Consul General in Karachi Bruno A. Pasquino here. He was speaking at the financial close ceremony of Dost Steel Limited, the first steel re-rolling mills in Pakistan.

Mr Pasquino is of the view that the steel sector in Pakistan now looks quite promising. “This is a good moment for Pakistan and international investors should make investments in Pakistan. Foreign companies and especially those from Italy should find opportunities in different sectors of the economy.”

He also referred to the provision of reinvestment as well as repatriation of capital for the foreign investors. “It is even easier for the Italians and the Pakistanis to do business because our values and mentalities are close.”

The project manager of Siemens Vai, Stefano Salentino, who is also from Italy, spoke about the project being undertaken with the Italian expertise.

He said Pakistan needed a lot of infrastructure and that steel was one of the tools that it required.—APP