Pak, Romania need to boost trade and investment

Islamabad: A delegation of Romanian senators and businessmen led by Senator Titus Corlatean, President of the Foreign Policy Committee, Senate of Romania visited Islamabad Chamber of Commerce and Industry (ICCI). Ambassador of Romania in Pakistan, Emilian Ion also accompanied the delegation.

Speaking on the occasion, Senator Corlatean said that Pakistan and Romania enjoyed excellent bilateral relations and the recent visit would further give impetus to their friendly relations. He said that high level parliamentary and business exchanges were in the interest of both the countries and the two must focus on enhancing parliamentary and trade cooperation through frequent exchange of delegations.

Romanian Senator Raymond Luca said that Romania is the seventh largest European Union Market and offered joint ventures in various sectors. He exchanged views on common interests and agreed to strengthen economic relations between the two countries.

Chamber of Commerce and Industry Prahova, Romania President Aurelian Gogulescu signed a Memorandum of Understanding with ICCI to further enhance bilateral relation between Pakistan and Romania and creating stronger linkage between the private sector of both countries. In his welcome address, Mahfooz Elahi, President ICCI said that Pakistan is a peaceful nation and express concern on the role of international media that portrays a very negative image about Pakistan. He said that Pakistan is a very promising economy and an attractive investment destination, all sectors of the economy were open for investment with attractive incentives.

He highlighted that tremendous investment opportunities were available in the power, oil and gas, mining, textile, agriculture and financial sector. ICCI President said that exchange of business delegations could be better option for exploring areas of common interest.

He said that marble and granite were fast growing sectors in Pakistan with huge investment potential and invited Romanian counterparts to Pakistan for investment and transfer of technology to take advantage of these opportunities. Standing Committee on Minerals, FPCCI Chairman Shahid-ur-Rehman emphasised for bringing investment in mineral sector.

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