ISLAMABAD - “The western part of Pakistan will be the hub of international investment in the near future courtesy the China-Pakistan Economic Corridor (CPEC) that will link South Asia to the Central Asia,” said Minister for Commerce Khurram Dastgir Khan on Tuesday.

Talking to Chairman of the Italian Industries Federation for Airspace, Defence and Security Guido Crosetto, the minister said that CPEC would provide innumerable opportunities to the investors from the technologically advanced countries to invest in Pakistan and the region.

Crosetto informed the minister that technologically advanced Italian companies were keen to expand their relations with Pakistan  He informed the Italian companies were not only interested in investing in Pakistan, but would also facilitate the complete transfer of technology to Pakistan in the field of aerospace and security.

Crosetto further said that the Italian companies would participate in the IDEAS 2016 in the hope that this would boost strategic cooperation between the two countries.

Going a step ahead, he said Pakistan’s key position in the Islamic world as well as South Asia could provide Italian companies the launching pad to expand their businesses in these regions.

Dastgir appreciated the Italian government’s conscious decision to choose Pakistan as a strategic partner in the region.

He said the time was ripe to invest in Pakistan, as the recently achieved peace coupled with economic stability had placed Pakistan in a position where it could act as a bridge between South and Central Asia on one hand and Middle East and China on the other.

The minister expressed the optimism that the projects undertaken by the Pakistani government would have far-reaching effects on the economic orientation of the region. “Economic stability will bring political stability as well,” he hoped.

Italian Ambassador to Pakistan HE Stefano Pontecorvo informed the Italian prime minister as well as commerce and defense ministers would be visiting Pakistan in the coming months to explore new avenues of government-to-government and government-to-private sector cooperation.