KARACHI: Pakistan and Romania have taken significant step towards bolstering their bilateral trade and economic cooperation with signing of memorandum of understanding.

MoU was formally agreed upon by Eduard-Robert Preda, Charge D'Affaires at Embassy of Romania to Islamic Republic of Pakistan and Sohail Shamim Firpo, Chairman of Pakistan Romania Business Council. This agreement recognizes pivotal role played by PRBC since its inception in 2011 in promoting trade relations between two nations. Under terms of MoU, Embassy of Romania and PRBC have outlined structured framework for collaboration aimed at enhancing economic ties.

Embassy has pledged its full support to PRBC's initiatives aimed at fostering and strengthening bilateral trade between Romania and Pakistan. Protocol also acknowledges recent expansion of PRBC with establishment of its North Chapter, signifying its growing influence and reach within Pakistan. Both parties have committed to joint efforts to boost economic cooperation and trade exchanges, thereby creating mutual benefits for Romania and Pakistan. This collaborative partnership seeks to explore new avenues for trade and investment, leveraging strengths and opportunities offered by both economies. Signing of this protocol marks significant milestone in ongoing efforts to deepen and diversify bilateral relations between Romania and Pakistan. It underscores commitment of both countries to explore new opportunities, facilitate trade facilitation measures and enhance economic cooperation across various sectors. Moving forward, implementation of this MoU is expected to pave way for increased trade volumes, expanded business partnerships and heightened economic engagements between Pakistan and Romania. This strategic initiative is poised to contribute positively to socio-economic development agendas of both nations, fostering greater prosperity and growth in years to come.