Pakistan and Italy have agreed to increase institutional collaboration, promote small and medium enterprises development and collaborate in important sectors like livestock, energy, infrastructure, oil and gas, transport management and chemicals.
The agreement was reached at the third session of Pak-Italy Joint Economic Commission in Rome, Italy on Wednesday.
The Pakistan delegation was led by Minister of State for Finance Rana Muhammad Afzal Khan while Italian delegation was headed by Deputy Minister Italian Ministry of Economic Development Ivan Scalfarotto.
The two sides also resolved to remove the bottlenecks in promotion of trade.
Pakistan and Italy signed three letters of Intent for cooperation in Textiles, Footwear and Stone sectors.