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There is a need to promote Korean private sector investment in Pakistan
through more interaction between the business communities of the Republic of
Korea and Pakistan. Dr. Abdul Hafeez Shaikh Federal Minister for Privatisation
& Investment stated this during a meeting with the Ambassador of Korea Mr. Kim
Jooseok who called on the Minister here today.
Dr. Hafeez Shaikh said that Pakistan provided a conducive investment
environment in all the sectors without any discrimination between local and
foreign investors by providing equal opportunities. He hoped that the
forthcoming visit of Prime Minister Shaukat Aziz to Korea would provide an
opportunity to Korean business groups and investor to take advantage of
Pakistan's incentives extended through liberal investment, privatisation and
economic policies.
The Korean envoy Mr. Kim Jooseok said that Pakistan economy was best
performing in the region and Korean investors were keen to participate in the
privatisation and investment opportunities in Pakistan particularly in the
agriculture sector. Both the countries also needed to share each other's
experiences at government level in various fields, he added. Mr. Sungsoo KIM
Chief of ECO & Development of Korean embassy also accompanied the envoy.