Italian government approved a number of soft loans for Pakistan
CHITRAL: The Director of Italian Development Cooperation in
Pakistan, Domenico Bruzzone, has said that the government of Italy
has taken up the agenda of speeding up and expand the network of
cooperation with Pakistan because a young economy which could
be nurtured into a full thereby alleviate poverty.
Addressing the local media persons in Chitral Press Club here on
Wednesday, he said that the Italian government had approved a
number of soft loans for technical education, renewable energy,
agriculture, economic transformation, water reservoirs, rural
development, eco-tourism and culture in the northern areas which
Flanked by consultant at Italian Embassy, Paola Manfredi and
Italian archeologist Maria Victoria, he said that the soft loan of
238 million Euros had been approved to Pakistan for development of
technical education and renewable energy.
“Another soft loan of 20 million Euros was approved for growing
olive culture in the North whose soil was best suited for the plant
having great potential of expansion”, he said adding that yet
another 20 million Euro meant for development of Eco-tourism and
related activities was approved for Gilgit-Baltistan and Chitral.
“For the amelioration of people living in border areas and the
vulnerable communities, a sum of 40 million Euro grant has been
sanctioned for rural development, preservation of cultural heritage
and grass-root interventions for poverty alleviation”, he said.
He mentioned Kalash, the ancient people living in the South of
Chitral and the picturesque valley as the one to attract tourists
from all over the world if it was developed.
Mr. Bruzzone said that Pakistanis living in Italy formed the second
largest community in the country sharing its development
Responding to a question, he had a drawn picture of the
socio-economic situation in the Kalash valleys in particular and
had meetings and deliberations with the civil society
organizations, the Aga Khan Rural Support Program apart from the
head of district administration headed by Deputy Commissioner Osama
He praised Mr. Warraich for his efficiency and said that he had a
clear and discreet vision about the issues of Chitral and their
The general manager of Pakistan Poverty Alleviation Fund, Tahir
Malik was also in attendance.