Zardari woos Korean investment
Invites Seoul to setup economic zone in country.
ISLAMABAD:
Permission of 100% foreign equity, equal treatment to foreign as well as domestic investments makes Pakistan an attractive place for investment, Spokesperson to the President Farhatullah Babar quoted the president as saying, on Wednesday.
Setting the tone for the President’s forthcoming visit to Republic of Korea and to highlight investment opportunities in Pakistan among the Korean businessmen and investors, a meeting was held in the Presidency with President Asif Ali Zardari in the chair and the heads and executives of Korean companies operating in Pakistan and some federal ministers and senior officials around the table.
Babar quoted the president and said that all sectors of the economy were open for foreign direct investment with legal protection to the investments.
Zardari invited Korean companies to take advantage of most attractive investment opportunities available in Pakistan in different sectors including oil & gas, mining, trading, energy, information technology & telecom, food & agriculture, small and medium enterprises, infrastructure and tourism. He said that Pakistan offered establishment of country-specific economic zones to friendly countries and offered that Korea may also consider establishing an economic zone in Pakistan.
Published in The Express Tribune, December 1st, 2011.
Permission of 100% foreign equity, equal treatment to foreign as well as domestic investments makes Pakistan an attractive place for investment, Spokesperson to the President Farhatullah Babar quoted the president as saying, on Wednesday.
Setting the tone for the President’s forthcoming visit to Republic of Korea and to highlight investment opportunities in Pakistan among the Korean businessmen and investors, a meeting was held in the Presidency with President Asif Ali Zardari in the chair and the heads and executives of Korean companies operating in Pakistan and some federal ministers and senior officials around the table.
Babar quoted the president and said that all sectors of the economy were open for foreign direct investment with legal protection to the investments.
Zardari invited Korean companies to take advantage of most attractive investment opportunities available in Pakistan in different sectors including oil & gas, mining, trading, energy, information technology & telecom, food & agriculture, small and medium enterprises, infrastructure and tourism. He said that Pakistan offered establishment of country-specific economic zones to friendly countries and offered that Korea may also consider establishing an economic zone in Pakistan.
Published in The Express Tribune, December 1st, 2011.