South Korea invited to set up economic zone
President Asif Ali Zardari has invited South Korea to establish an economic zone in Pakistan to boost trade ties between the two countries. He chaired a meeting with South Korean representatives to highlight investment opportunities for the Korean businessmen and investors in Pakistan especially in oil and gas, mining, trading, energy, IT and telecom, food and agriculture, SMES, infrastructure and tourism.
President Zardari said with emerging market of 180 million people, Pakistan is a potential economic hub in the region as it was located at the crossroads of West Asia, South Asia, Central Asia and China and provided shortest access to North and South Asia through Gwadar Port. He assured the participants that the government of Pakistan would continue to extend maximum facilitation and provide them maximum support in realizing their investment objectives.
During the meeting keen interest was shown to transform the existing relationship with Korea into economy-oriented equation for the benefit of the two countries. Highlighting Pak-korea relations, the President mentioned landmark infrastructure projects completed with the help of South Korean companies and said it testified lasting relationships between Pakistan and the Republic of Korea