Romanian businessmen invited to invest in Karachi

Sindh Governor Mohammad Zubair on Tuesday talking to a 12-member delegation of the Pakistan Romania Business Council, which met him at the Governor House on Tuesday said that Karachi an economic hub of Pakistan and owing to its peculiar important location in the region has always been attractive to prospective foreign investors to lunch business ventures.

He said that on the completion of the China-Pakistan Economic Corridor (CPEC) would usher in an era of immense prosperity not just in Pakistan but also in the entire region.

Stabilization of peace, proper planning to carry out development and consistency in economic policies had accelerated the process of attracting foreign investment in the region.

It is a positive sign that Romania has taken interest in the CPEC. The completion of the corridor would create thousands of employment opportunities for the people of the region. It should be considered as the game-changer for the entire region.

As a number of countries have shown their willingness to participate in the CPEC, it has increased the importance of the project. The trade and economic ties between Romania and Pakistan had always been important for the latter.

The volume of trade between Romania and Pakistan has reached 300 million dollars, and that showed ample signs of the maturity of their bilateral relations. The role of the Pak-Romania Business Council helps in strengthening economic ties between the two countries. Pakistan had been exporting textile, leather products and cotton to Romania.

The prosperity and development in Karachi meant prosperity of the entire country. Karachi has become an ideal destination for prospective foreign investors and companies, especially after the restoration of peace.

The governor urged that prospective foreign investors from Romania should also be informed about the improved environment in Pakistan for making investments and launching new businesses.

The Government of Pakistan has been providing utmost assistance, support and security to foreign investors coming to Pakistan.