Pakistan invites South Korea to set up economic zone

December 1st, 2011 - 2:06 pm ICT by IANS  

Islamabad, Dec 1 (IANS) President Asif Ali Zardari Wednesday offered South Korea to establish its economic zone in Pakistan to boost trade ties between the two countries.

The president made the offer while chairing a meeting to discuss his forthcoming visit to South Korea and to highlight investment opportunities for South Korean businessmen and investors in Pakistan, reported Associated Press of Pakistan.

The president’s spokesperson Farhatullah Babar said investment opportunities available in Pakistan in various sectors included oil and gas, mining, trading, energy, information technology and telecom.

Zardari said he looked forward to his visit to South Korea which would help boost economic and trade ties between the two countries.

He said with emerging market of 180 million people, Pakistan was a potential hub of the economic activities 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.

Babar quoted Zardari as saying that the government was keen to transform the existing relationship with the Republic of Korea into economy-oriented equation for the benefit of the two countries.

Highlighting Pakistan-South Korea relations, the president mentioned landmark infrastructure projects completed with the help of South Korean companies and said it testified lasting relationships between the two countries.

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