Need to boost trade ties between Pakistani, South Korea stressed

It is high time for both countries to deepen bilateral investment and trade, says Pakistani envoy Rahim Hayat Qureshi

Pakistan and Korea have close ties and it is high time that both countries deepen bilateral investment and trade.

These remarks were made by Pakistan's ambassador to South Korea Rahim Hayat Qureshi while speaking at an investment promotion conference in Seoul titled Emerging Pakistan: Opportunities for bilateral Investment and Trade.

The conference attracted more than 140 representatives from Korean companies and conglomerates.

"I firmly believe that a strong economic and business relationship is an essential prerequisite for stable, long-term and sustainable people-to-people relations," Qureshi said.



"Pakistan, with the sixth largest population in the world and 80 million people in the middle-class bracket, is an ideal destination for investment," he added.

Reciprocating, South Korea's Abassador to Pakistan Sung-Kyu Kwak underscored how an improved security situation and business friendly policies make Pakistan the ideal investment destination for companies.

A Pakistani delegation, comprising Secretary Board of Investment Sumera Siddiqui, Secretary Ministry of Planning, Development and Reforms Shoaib Siddiqui attended the event.

The bilateral trade between Pakistan and Korea stands at USD 1.34 Billion in 2017, steadily having increased from USD 828 million in 2015. This sizeable increase reflects a strengthening economic relation between the two countries.