Korean investors eager to explore Pakistani market: envoy

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South Korean Ambassador to Pakistan Kwak Sung Kyu said on Friday that the investment companies of his country were eager to invest in various sectors of Pakistan.

Talking to Kashmir Affairs and Gilgit Baltistan Minister Ali Amin Khan Gandapur In Islamabad, the envoy lauded the measures of the incumbent government regarding investment and economic development.

“Pakistan has a huge potential to become one of the strongest economies of the world, given that it makes consistent economic policies,” he remarked.

Both sides discussed in detail bilateral relations between the two countries with particular reference to economic and social cooperation and other issues.

Speaking on the occasion, Minister Ali Amin Khan Gandapur urged the South Korean companies to benefit from the lucrative investment opportunities in Pakistan.

He highlighted the investment opportunities in various areas of Pakistan, particularly Azad Jammu and Kashmir and Gilgit Baltistan. “Investors could get maximum returns on investments in these areas, especially in the tourism, minerals and hydel power sectors.”

He said that Prime Minister Imran Khan has a special vision regarding economic development of Pakistan in which foreign investment holds a key position.

Gandapur said foreign tourists were showing a keen interest in visiting Pakistan owing to the soft visa policies and better facilities offered by the present regime.

Lauding the role of Seoul in the economic development of Pakistan, Gandapur said that the South Korean companies have completed a number of important development projects in Pakistan.

“Pakistan could also benefit from the Korean model of economic progress,” he added.

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