Pakistan can become a developed nation: Korea
South Korean Ambassador to Pakistan Choi Choong Jee said on Friday that Pakistan has great resources and tremendous potential and that nothing can stop the country from becoming a developed nation if it adopts few corrective measures.
Speaking at a reception hosted at his residence in honour on national trade leaders, he said, “I see the business community of Pakistan as the driving force for economic vitality,” further adding that Pakistan’s economy is showing clear signs of recovery. Jee called for enhanced trade between the two countries.
The ambassador said the Pakistani business community is strong enough to withstand all challenges and has a very favourable view for South Koreans, but it is not translating into actual trade potential between the two countries.
He said “Our trade with India stands at $16 billion which is expected to double in few years; it is $1billion a day with China, while bilateral trade with Pakistan is mere $1.1 billion.”
“My country wants to enhance cooperation with Pakistan’s government and private sector so that economy of this great nation can come out of problems like energy deficiency and it emerges as one of our major trading partner,” he added.
Federation of Pakistan Chambers of Commerce and Industry President Senator Haji Ghulam Ali said that local businessmen should identify hitches barring trade. He said that the non-availability of proper information is one of the hurdles that need to be addressed urgently.
Published in The Express Tribune, July 23rd, 2011.
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@treat me nice ill be ur doc one day: Yes maybe possible by 2050, however one small issue, that is if Pakistan is still around in its present form by then. As the smart money at present is not very likely on its current course !!!!
the country has a huge potential!!it has just been down in the last four years!!us say pehlay we were growing on averaage of 7 percent a year!!we are part of the next eleven economies and pakistan is to become part of the g20 by 2050!!!so we definitely are part of a rowing number of countries who are envisioned to become great economies of the future
Every Nation has the potential to become a developed nation. If corrective measures are taken, even Somalia can become one...
And surely, why not Pakistan? It has the best natural resources: Human Resources.
best wishes, from an Indian...
Yes ,but no country really likes to trade with east asian export oriented countries .Tell me how much trade imbalance is there with korea.
Everyone knows Pakistan will be a developed country in the future. It has been stated by Goldman Sachs that Pakistan is one for the Next 11.
Apparently from the article the representative is eager to increase the bilateral trade between the countries. I hope he really means it.