ISLAMABAD - South Korean investors on Monday showed interest
for joint ventures in agriculture sector, as Pakistani mangoes have great
demand in South Korean markets.A delegation of South Korean investors, led by
Lee Jae Ho, visited Islamabad Chamber of Commerce and Industry (ICCI) for B2B
meetings with Pakistani entrepreneurs having common interest in various fields.
Speaking on the occasion, Lee Jae Ho identified a number of areas for mutual
co-operation and said that there is a need for enhanced trade ties between
Pakistan and South Korea as current volume of trade stood around $1.5 billion
which is not up to the mark.Korean investors said that Pakistan and South Korea
need to improve their commercial and economic relations to promote bilateral
trade and investment by taking advantage of new business opportunities.Yassar
Sakhi Butt, President ICCI, said that Pakistan being an agricultural country
has an agricultural and canal infrastructure second to none and agriculture
continues to play a central role in our economic growth, feeding domestic
industry as well as an important source of foreign exchange earnings.He said
that South Korea being an important trade partner and having advanced expertise
in the field of agriculture could assist us in setting up joint ventures along
with latest technology transfers and introduction to latest agriculture
practices, saying that Korean investors could earn lucrative profits in Pakistan.Yassar
Sakhi Butt said that Pakistan is home to a diverse number of tourist
attractions which include very beautiful landscapes, ancient civilizations like
Indus Valley and Gandhara civilization as well as Buddha sculptures. Therefore,
tourism also offers huge business opportunities to foreign investors, he
added.ICCI President urged the Korean investors to bring their capital and
technology to Pakistan, establish joint ventures, share their experience and
expertise, earn good profits and contribute to further strengthening bilateral
trade and economic relations between Pakistan and South Korea.
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