AJK, GB have huge investment potential for tourism, minerals, hydel power: Gandapur

ISLAMABAD, Nov 29 (APP):Federal Minister for Kashmir Affairs and Gilgit Baltistan (GB) Ali Amin Khan Gandapur Friday said that there were huge investment opportunities in AJK and GB especially in sectors of tourism, minerals and hydel power production.

The minister expressed these views in meeting with Ambassador of South Korea to Pakistan, Kwak Sung Kyu here , said a press release issue here.

The meeting discussed the bilateral relations between the two countries with particular reference to economic and social cooperation.

Lauding the role of South Korea in economic development of Pakistan, the Federal Minister said, the South Korean companies had completed number of important development projects in Pakistan.

He said that Pakistan could also benefit from the Korean model of economic progress.

Religious tourism, adventure sports, hiking, high mountain peaks, beautiful valleys and lakes attracted hundreds of thousands of tourists to AJK and GB each year, he added.

He said that foreign tourists were showing keen interest in visiting Pakistan because of soft visa policies and better facilities.

He encouraged the South Korean companies to benefit from the current investment friendly environment in Pakistan.

He said that Ministry of KA & GB would go an extra mile and extend all possible support and cooperation to foreign investors in this regard.

He highlighted that economic indicators and ranking of ease in doing business were getting better and better.

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

The Ambassador appreciated the measures of current government regarding investment and economic development.

He said, Pakistan had huge potential to become one of strongest economy of the world with consistent economic policies.

He said that South Korean investment companies were already showing great interest for investment in Pakistan and assured that he would further encourage the companies to benefit from investment friendly environment in Pakistan.

The meeting also discussed the progress of different development projects being carried out by the South Korean companies in AJK and GB.

Federal Secretary Kashmir Affairs & Gilgit-Baltistan Tariq Mehmood Pasha was also present in the meeting.