Pakistan, Korea trade potential looking up


Karachi: The Consul General of the Republic of Korea Mr. LEE Chang hee, hosted a dinner reception in Honor of the Karachi based media and representatives of Korean  Companies at his residence.Picture show Barrister Abdul R. Sattar, and host with honourable guests.



KARACHI: Pakistan Korea bilateral relations have strengthened over the years and there is close cooperation and complete unanimity of views among the two countries on a host of issues. This was said by the Consul General of the Republic Korea in Karachi, Mr Lee Chang-hee at a reception hosted by him for the media.

The Korean envoy said that both countries have forged deep understanding and cooperation on various international organisations and regional bodies.

Referring to economic ties between Pakistan and Korea, he said two-way trade between the two countries had reached $1.6 billion. He added that Korean companies have participated in many infrastructure projects like Lahore-Islamabad Motorway and various dams and power plants.

He advised Pakistani entrepreneurs to explore trade prospects with Korean companies to enhance two-way trade, stating that Korean firms were evaluating investment opportunities in Pakistan.

The Korean envoy said Korea now had the world’s eighth largest economy with a trade volume that had surpassed a trillion dollars yearly.

Mr Lee Chang-hee said the media in Pakistan could play a pivotal role in promoting economic and cultural relations between the two countries. He added that the consulate had organised a cultural event to be held in Karachi on October 16, that would showcase Korean opera and traditional musicians.

Prominent attorney Barrister Abdul R.Sattar who was also present on the occasion told the media that Pakistan could benefit from Korea’s experience and attain economic prosperity along the same lines.

He emphasised the need for closer economic inter-action and ways to tap avenues which could generate more two-way trade between Pakistan and Korea.