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Korea to enhance trade volume with Pakistan up to $ 1.5 billion : Envoy.

RAWALPINDI, April 23, 2011 (Frontier Star): Korean Ambassador to Pakistan, Choi Chong Joo has said that his country would enhance its trade with Pakistan up to US $1.5 billion. Korea is interested to invest in pharmaceutical, food processing while energy production from solid waste in Rawalpindi, he made these remarks while talking to a delegation of Rawalpindi Chamber of Commerce and Industry (RCCI) in his office. The delegation was led by President RCCI, Syed Ali Raza Shah and Vice President Dr. Shumail Dawood while other executive members were also present. The Ambassador said that Korea is interested to boost trade relations with Pakistan besides investment in various sectors. There is a great demand in Korean market regarding Pakistani products like textile, jewellery, vegetable and fruits, he added. Choi Chong said there was 238.80 per cent increase in leather export to Korea from Pakistan last year which is a good sign. RCCI President, Syed Ali Raza Shah said that both countries have good friendly relations while Pakistan has great potential for investment. Pakistan, he said has been facing energy crises and because of this Korea can invest in energy producing projects besides in mining industry which is also suitable for Korean investors. He appreciated the Korean Ambassador initiative to produce energy from solid waste and assured his full cooperation.

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Publication:The Frontier Star (Northwest Frontier Province, Pakistan)
Geographic Code:9PAKI
Date:Apr 23, 2011
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