ISLAMABAD: President Dr Arif Alvi urged the need of taking pro-active measures to increase the quantum of bilateral trade between Pakistan and the Republic of Korea, which was not commensurate with its real potential.
He was talking to a Parliamentary Delegation, consisting of four MNAs of the Foreign Affairs and Unification Committee of the National Assembly of the Republic of Korea, who called on him here at Aiwan-e-Sadr.
The President emphasized that an early conclusion of Free Trade Agreement (FTA) between the two countries would be a positive step in this direction.
He said that Pakistan and Republic of Korea enjoy friendly and cordial relations based on mutual trust and understanding. Pakistan valued its excellent diplomatic ties with Republic of Korea, he added.
The President welcomed the continuous increase in investment by the Korean companies in various sectors of Pakistan’s economy. It indicated the confidence of the Korean businesses in the economy of Pakistan, he added.
He urged Korean companies to take full advantage of Pakistan’s liberal investment regime and to invest in Mining, Agro-industry and IT sectors.
Highlighting that the Government of Pakistan had established Special Economic Zones (SEZs), the President encouraged the Korean companies to establish/relocate their units in these SEZs.
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He expressed delight that the number of students from Pakistan to Korea had steadily increased. Moreover, he appreciated the decision of the Korean Government to increase quota for Pakistani workers to 1000 for the year 2019.
The members of Korean Parliamentary delegation said that Korea and Pakistan had a lot to learn from each other.
The delegation also indicated that Pakistan had immense treasure of Buddhist artifice, which could be great attraction for foreign tourists.
APP
