Pakistan, Korea economic ties to be expanded: Envoy

Pakistan, Korea economic ties to be expanded: Envoy

ISLAMABAD, Oct 5 (APP): Ambassador of Republic of Korea to Pakistan Suh Dong gu Wednesday said he was determined to take economic cooperation between Pakistan and Korea to new heights, during his stay in Islamabad.

Speaking at a dinner hosted to welcome him and to give Life time Achievement Award to senior journalist of Jang Group Hanif Khalid, the ambassador said Korea had become the 11th largest economy of the world.

Chairman National Assembly Standing Committee on Finance, Revenue and Economic Affairs Qaisar Ahmed Sheikh said during the era of Ayub Khan, the economies of Pakistan and Korea were almost the same and their exports were not more than $ 200 million.

Now the volume of trade of Pakistan was $ 65 billion while
total exports and imports of Korea had reached $ 11,000 billion.

He said Pakistan could become a strong economy by following in the footsteps of Korea.

Korea sent a government delegation in the era of Ayub Khan
to Pakistan to copy the Second Five Year Plan prepared by Dr Mehboobul Haq and amazed the world with its economic progress.

Hanif Khalid thanked Chairman NA Committee Qaiser Sheikh for bestowing an award on him.

The Korean ambassador received applause from the audience as he made remarks in Urdu during his speech.

Members of National Assembly Pervaiz Malik, Shaista Pervaiz
Malik, Shakir Bashir Awan, Shiza Fatima Khawaja, Malik Ghulam Muhammad, Parliamentary Secretary for Finance Rana Muhammad Afzal Khan, Chairman Council of Islamic Ideology Muhammad Khan Sheerani, Member of Federal Board of Revenue Land Revenue Policy Rehmatullah Khan Wazir, former minister J Salik, former secretary Statistics Division Shahid Hussain, Additional Commissioner Income Tax Zafar Haider, Chairman Toyota Lahore Irfan Sheikh, MNA Chaudhry Mehmood Bashir Virk, Najaf Sial, Zahir Hussain, former minister Aftab Shaban Mirani and Muhammad Khan Daha attended the dinner.