Pakistan and Romania seek joint ventures for EU and Gulf markets

Strengthening Bilateral Ties Through Science and Technology

Pakistan and Romania are taking significant steps to enhance their cooperation in the fields of science, technology, and innovation. Recent discussions have highlighted the potential for joint ventures, particularly in software development aimed at the European Union and Gulf markets. This collaboration is seen as a strategic move to leverage the strengths of both nations in the global tech landscape.

During a meeting between the Federal Minister for Science and Technology, Khalid Hussain Magsi, and the Ambassador of Romania to Pakistan, Dan Stoenescu, several key areas of cooperation were discussed. The meeting focused on expanding bilateral ties in science, technology, innovation, and education. One of the major proposals put forward was the signing of a Memorandum of Understanding (MoU) between the Ministry of Science and Technology in Pakistan and Romania's National Authority for Digitalisation and National Authority for Research. This MoU aims to formalize and strengthen the partnership between the two countries.

In addition to the MoU, a proposal was made to organize a Romania-Pakistan Science and Technology Forum with a special focus on the IT sector. This forum would serve as a platform for exchanging ideas, showcasing innovations, and fostering collaboration between the two nations.

Commitment to Practical Cooperation

Ambassador Stoenescu emphasized that Romania is committed to practical, results-oriented cooperation that supports Pakistan's national priorities while reinforcing their bilateral relationship. He noted that Romania recognizes Pakistan's progress in digital transformation, artificial intelligence, and regional technology inclusion. This recognition highlights the mutual respect and understanding between the two countries.

Stoenescu also offered Pakistan access to key European Union-funded programs through Romania's facilitative role within the EU. These programs include:

• Horizon Europe: A €95.5 billion research and innovation program.
• Erasmus+: Focused on education and academic exchange.
• Digital Europe Programme: Aimed at supporting digital transformation across Europe.

These platforms provide opportunities for Pakistani institutions to engage in collaborative initiatives in various sectors such as AI, cybersecurity, renewable energy, space technology, agriculture, and green innovation.

Learning from Romania’s Success

Federal Minister Magsi commended Romania for its leadership in producing globally recognized tech solutions and unicorn companies. He expressed Pakistan's interest in learning from Romania's successful transition to a knowledge-based economy. This interest underscores the potential for knowledge transfer and capacity building between the two nations.

The two sides explored further areas for long-term collaboration, including:

• Establishing joint ventures for software development targeting EU and Gulf markets.
• Capacity building in cybersecurity.
• Academic and tech exchanges between Romania's innovation hubs and Pakistan's National Incubation Centres.
• Joint research in AI, IoT, and blockchain under Horizon Europe and Digital Europe frameworks.
• Collaboration in e-government solutions and digital public service transformation.

Expanding Horizons

The discussions between Pakistan and Romania reflect a shared vision of leveraging science and technology to drive economic growth and innovation. By focusing on areas such as digital transformation, AI, and cybersecurity, both nations aim to create a robust framework for future collaboration.

This partnership not only benefits the two countries involved but also contributes to the broader goal of fostering international cooperation in the field of science and technology. As both nations continue to invest in innovation, the potential for meaningful and impactful collaborations remains strong.