Chairman of Pakistan Romania Business Council (PRBC) Sohail Shamim Firpo has informed that PRBC was planning to send a high-powered delegation to Romania in May 2017 to explore more opportunities of enhancing the existing bilateral trade between Pakistan and Romania.
President KCCI Shamim Ahmed Firpo, Senior Vice President KCCI Asif Nisar, Vice President KCCI Muhammad Younus Soomro and KCCI Managing Committee members were also present at the meeting.
Chairman PRBC further pointed out that trade ties between Pakistan and Romania have been gradually improving, particularly after the formation of PRBC which was actively engaged in strengthening trade and investment cooperation between the two countries and the progress achieved so far, in this regard, was very encouraging. “PRBC intends to not only improve trade ties with Romania but also promote the positive image of Pakistan in general and Karachi in particular which is desperately needed to counter all types of misconceptions about the security situation in Karachi”, he added.
He of the opinion that Romania, being a member of European Union and having the 7th largest port of the world, offers immense opportunities particularly to those businessmen and industrialists who were keen to export their goods and services to European countries.
Sohail Firpo mentioned that since its inception in 2010, PRBC has become a vibrant platform which provides complete trade facilitation to its member firms. “PRBC is directly linked with Romanian Foreign Office and its Embassy in Pakistan. We have been successfully sending business delegations to Romania from time to time and have twice received Romanian delegations in Pakistan since PRBC’s inception in 2010”, Chairman PRBC said, adding that PRBC’s representatives also participated in an Air Show held in Romania whereas Pakistani Mango Festival was also arranged successfully by the Business Council which received overwhelming response.
He was of the view that improved trade volume between Pakistan and Romania cannot be solely attributed to PRBC but the Karachi Chamber, being the largest Chamber, has equally played a commendable role towards strengthening the existing trade ties between the two countries. Underscoring the need to make collective efforts, Sohail Firpo asked Karachi Chamber to sign a Memorandum of Understanding with PRBC which, amongst other mutually agreed features, must particularly focus on sharing of information, trade queries and relevant research data on reciprocal basis.
He further stressed the need to create some kind of liaison between Karachi Chamber’s Research & Development Department and PRBC which would certainly yield positive results. Sohail Firpo also invited Businessmen Group’s Leadership, KCCI’s Office Bearers and Managing Committee members to visit the office of Pakistan Romania Business Council which has been playing the role of bridge between the business communities of the two countries.
Earlier, President KCCI Shamim Ahmed Firpo, in his welcome address, briefed the participants about the vibrant role being played by the Chamber towards furthering trade ties with countries around the world and raising voice for creating an enabling environment for the business and industrial community. He said that the Karachi Chamber wants to promote business, mutual understanding and friendly relations between the business communities of Pakistan and Romania. “We also want to promote Romanian trade and investment in Pakistan and do everything for the development of Pakistan-Romania business cooperation”, he added. President KCCI stated that trade ties between Pakistan and Romania have been improving and it was really heartening to note that the balance of trade was in favor of Pakistan. “The progress achieved so far is satisfactory which will be much better in the days to come”, he added.
He said that PRBC has been doing a fine job by keenly focusing on exploring ways and means of how to enhance trade and they have achieved appreciable results however, it was a long way as lot more still needs to done. He further extended full support and cooperation to PRBC in its quest to enhance trade by bringing the business communities of Pakistan and Romania more close to each other. He also assured to extend maximum possible discounts and incentives to the Romanian businessmen and industrialists who may be intending to participate in My Karachi Exhibition scheduled to be staged in April 2017.