Infrastructure: North Korea will provide $0.5b
The two countries signed a framework arrangement to this effect at a ceremony on Friday
ISLAMABAD:
Republic of Korea will provide $500 million to Pakistan for completion of different projects including hydropower, road infrastructure, information technology and health. The two countries signed a framework arrangement to this effect at a ceremony on Friday. Finance Minister Ishaq Dar, who witnessed the signing ceremony, appreciated the role and cooperation extended by the Republic of Korea for development projects in the country. He said the economic relations between the two countries would be further strengthened with the passage of time and framework arrangement will enable Pakistan to seek financing from Korean Exim Bank for development of energy and other infrastructure projects in Pakistan.
Published in The Express Tribune, October 3rd, 2015.
Republic of Korea will provide $500 million to Pakistan for completion of different projects including hydropower, road infrastructure, information technology and health. The two countries signed a framework arrangement to this effect at a ceremony on Friday. Finance Minister Ishaq Dar, who witnessed the signing ceremony, appreciated the role and cooperation extended by the Republic of Korea for development projects in the country. He said the economic relations between the two countries would be further strengthened with the passage of time and framework arrangement will enable Pakistan to seek financing from Korean Exim Bank for development of energy and other infrastructure projects in Pakistan.
Published in The Express Tribune, October 3rd, 2015.