BACP and Synercon Sign MOU to Strengthen Bilateral Economic and Cultural Cooperation

January 26, 2025 – Islamabad, Pakistan- Federation of Pakistan Chambers of Commerce and Industry (FPCCI).

𝗦𝘆𝗻𝗲𝗿𝗰𝗼𝗻 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝗖𝗼𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻 𝘄𝗶𝘁𝗵 𝗣𝗮𝗸𝗶𝘀𝘁𝗮𝗻 (𝗕𝗔𝗖𝗣) 𝗥𝘂𝘀𝘀𝗶𝗮, have formalized an 𝗠𝗢𝗨. The MOU was inked by Mr. Jawad Rehman, President of BACP (Russia), and Mr. Jabbar Rahim Khan, Chief Executive Officer of Synercon. This strategic partnership is poised to generate new opportunities for cross-border trade, cooperation, and investment. We look forward to fostering a prosperous future together.

The MOU focuses on promoting economic cooperation, advancing trade, investment, and sustainable development, and enhancing bilateral relations between the Parties and countries. Both parties have committed to fostering collaboration in key areas such as trade, medicine, education, tourism, and environmental protection, aiming to create a lasting impact on both regional and global scales.

Key Provisions of the Agreement:

• Promotion of Trade and Investment: The agreement establishes a foundation for creating a free trade zone between the two organizations, facilitating cross-border trade and capital movement, and establishing favourable conditions for business investments.

• Regional Cooperation: The MOU encourages broader cooperation among the CIS and BRICS countries, driving regional stability and prosperity.

• Cultural and Social Development: In addition to economic ties, the Parties plan to collaborate in cultural, social, and educational exchanges, enhancing mutual understanding and promoting human rights and democratic values.

• Project Implementation and Infrastructure Development: Both organizations will collaborate on various projects, including the development of infrastructure, joint ventures, and the sharing of information and resources, with a focus on sustainable business practices and mutual economic growth.

With a lasting effect on both parties and their respective communities, the collaboration between BACP and Synercon is anticipated to open the door for important advancements in regional cooperation, economic growth, and cultural exchanges.

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