ISLAMABAD: Pakistan is keen to enhance and strengthen bilateral relations with South Korea to maximize investment opportunities in various sectors.
According to Sohail Nisar, Chairman of Pakistan-Korea Business Council of FPCCI, South Korea, the world’s ninth largest economy, is a reliable and strong partner of Pakistan. Over the past 60 years, South Korea has increased its GDP by 410 folds. Very few countries have posted such an enormous and persistent economic growth.
“The South Korean government is interested in investing at least $1 billion in Pakistan. There are many benefits to be gained for the two economies if they make efforts to improve bilateral trade in accordance with their true potential,” Suh Sangpyo said.
Senior Executive Officer of FPCCI Mehreen Razzak said, “Pakistan has the untapped potential for diversifying its economy and becoming more integrated with the global economy. Instead of concentrating on its geostrategic location, Pakistan needs to push up trade, economic, and investment relations through people-to-people contacts, expert to expert contacts. There is a need to create favourable conditions for FDI and connect B2B via organizations and business associations,” she added.
“South Korea is ranked among the world’s most export-oriented large economies. Its rapid industrialization and technological advancement make it one of the most important countries in the region for a free trade agreement because the country’s economic growth and industrialization are comparatively higher than Pakistan.” she said. –INP
