|
|
|
|
|
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 and their participation in the Privatisation Program.
Senator Waqar Ahmed Khan Federal Minister for Privatisation stated this during
a meeting with a delegation of LOTTE Group of Korea led by Mr. Oh Hun, Lim
Executive Director here today.
Senator Waqar Ahmed Khan 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
interaction with Korean companies would provide an opportunity to business
groups and investor to take advantage of Pakistan’s incentives extended
through liberal investment, privatisation and economic policies.
The leader of the Korean LOTTE Group Mr. Oh Hun, Lim Executive Director said
that their company was determined to invest US $ one billion in various
sectors and the privatisation program, which includes power industry, fruits &
beverages, constructions, hotels and tourism. The delegation expressed their
interest in the Utility Stores Corporation countrywide network and indicated
to participate in the privatisation and investment opportunities in Pakistan.
Mr. Shahab Khawaja Secretary Privatisation was also present during the
meeting.