Korean Investors urged to invest in Pakistan

The Prime Minister’s Advisor on Commerce, Textile, Industries and Production and Investment Abdul Razak Dawood has urged the Korean investors to invest in Pakistan. He said that Pakistan’s improved global ranking in ‘Ease of Doing Business’ Index by 11 points in 2019 is due to the government’s resolve increase investments in Pakistan.

A networking event with selected group of CEOs of member companies of (KOIMA) Korea Importers Association was also arranged in Seoul. KOIMA is the largest importers Association with over 8,000 members.

Chairman KOIMA Hong Kwang Hee stated that Pakistan is becoming an important destination for Korean imports and KOIMA believes that Pakistani market can be tapped for cheaper imports to Korea. He said that KOIMA sends 10 global delegations in a year and he is considering Pakistan as destination for one of the delegations. Korea imports $535 billion goods annually which offer huge potential for Pakistan

In the event Korean ambassador to Pakistan Kwak Sung Kyu, Secretary Commerce Sardar Ahmad Nawaz Sukhera and Ambassador of Pakistan to Korea Rahim Hayat Qureshi were present along with Korean businessmen. The private sector delegation from Pakistan included top players from the textile sector.