KARACHI, Sept 26: Romania is prepared to develop valuable industrial collaboration with the business community from Pakistan, Chamber of Commerce and Industry of Romania Vice-President Jose Iacobescu said on Tuesday.

In a meeting with Pakistan’s Ambassador Sanaullah in Bucharest, Mr Iacobescu said the collaboration could be carried out in different modes including joint ventures, direct sale and purchase projects as well as transfer of technology.

Former Romanian minister for privatisation Prof Sorin Dimitriu, who is currently president of the Balkan Institute for Metallurgical Forecasting, accompanied Mr Iacobescu and informed Pakistan ambassador that his institution would like to support any business initiative from Pakistan to ensure transfer of defence-related technology.

Iacobescu reiterated that a large section of the newly-privatised industry units in Romania were sincerely looking for commercial partners worldwide. Due to Pakistan’s economic recovery and expanding needs for development, Romanian businessmen perceived the country investor friendly.

He expressed the hope that the bilateral Joint Governmental Commission would meet soon in Romania and on the eve of this meeting a business delegation from Pakistan would visit Romania to hold discussions with their counterparts.

In response to an invitation to send a business delegation to Pakistan to look at the expanding railway development projects, Iacobescu showed his keenness to exchange expert-level delegation in order to determine prospect for future collaboration.—APP