DUBAI/KARACHI: An event for the launch of FPT Industrial Engines was organized by Power Zone in Karachi under the patronage of the Consulate of Italy in Karachi. The chief guest for the event was H.E. Mr. Danilo Giurdanella, Consul General of Italy and Mr. Salvatore Parano, Italian Trade Commissioner in Pakistan was the guest of honor for the event.
Italy hosts more than 18,000 enterprises, ranking 1st among European countries by number of Machinery & Equipment companies. The Italian industry also ranks 2nd in Europe by added value (€ 34 bln), workforce and export value. Italian machinery and mechatronics industry is 3rd in Europe by percentage of turnover (it accounts for 9% of national turnover with €251 billion), and it generates an added value of € 70 billion and an export value of €148 billion.
On the bilateral front, there has been a constant growth in trade and commercial engagement between the two countries. The trade surplus during the period under review was recorded at $624.518 million against $316.995 million last year, showing 97.11 percent growth.
According to State Bank of Pakistan, the overall exports to Italy were recorded at US $1151.448 million during July-June (2022-23) against exports of US $1087.434 million during July-June (2021-22), showing growth of 5.88 percent.
Industry leaders from manufacturing sector, banking sectors and members of Italian business community were present at the event along with Mr. Gianmaria PECE- Director at FPT Industrial. FPT is one of the largest companies in the powertrain sector and is now part of Iveco Group that produces powertrains for On-Road, Off-Road, Marine and Power Generation applications.
The Director of FPT PowerZone, Mian Ahsan Ali gave the vote of thanks to all distinguished guests and valuable customers, who were present today to showcase their trust and confidence in Italian technological excellence and in particular in FPT Engines.
