FM invites Romanian traders to invest in Pakistan

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Foreign Minister Makhdoom Shah Mahmood Qureshi Monday urged the Romanian investors and businessmen to avail of the huge trade and investment opportunities in Pakistan.

Addressing a joint press conference with his Romanian counterpart Bogdan Aurescu, the foreign minister said a huge potential existed for the Romanian investors in not only promoting the bilateral trade ties but also from the prospects of Pakistan being a hub of exports to Central Asia as the new markets were now being opened up for the world.

Pakistan, he said, was building an economic corridor with China, and the construction of Gwadar Port would open the world to the landlocked Central Asian Republics and Afghanistan. Qureshi said during his meetings with the Romanian leadership, measures to promote the economic relations were discussed.

He said great opportunities existed between the two countries to further develop understanding as it was the right time to move ahead.

According to the Romanian counterpart, he added, the bilateral trade between the two countries increased by around 50.6 per cent during the last fiscal year despite the COVID challenge. However, it was not near the real potential in the context of their bilateral ties and the trade opportunities with the European Union, he observed.

The foreign minister said Pakistan was at the advantageous position. With GSP+ status, they felt that it had been mutually beneficial for both the EU and Pakistan. –APP

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