Korea and Pakistan empower each Other

Islamabad, June 22, 2012 (PPI-OT): The Republic of Korea is one of Pakistan’s top trading partners this was stated by Haji Fazal Kadir Khan Sherani, President, the Federation of Pakistan Chambers of Commerce and Industry while meeting with Mr. In-Ki Lee, Consul General of Korea Republic who visited FPCCI on Thursday, June 21,2012.

In his welcome remarks Haji Fazal Kadir Khan Sherani said that Pakistan and Korea have strong relations. Volume of bilateral trade between the two countries has increased significantly. Pakistan exported to Korea republic worth US $737 million while imported from Korea worth US $ 818 million.

President FPCCI also discussed some proposals for the promotion of bilateral trade which included swift Visa issuance, joint ventures in the areas of textile, food processing, technical and technological collaborations, frequent exchange of trade delegations, promotion of new products by organizing exhibitions.

He also emphasized to conduct joint study by FPCCI and National Chamber of South Korea to find new product for bilateral trade, new markets and hurdles that impede the bilateral trade between Pakistan and South Korea.

Mr. In-Ki Lee, Consul General of South Korea said that Pakistan and Korea are geographically very important countries they should empower each other. He further stated that on the recommendation of FPCCI one year multiple visa will be issued.

He also showed his satisfaction over the bilateral relations between Pakistan and South Korea and said that since his posting in Pakistan he is observing significant change and improvement of our relations. He has visited FPCCI 4 times.

He added that Korean people love Pakistan because its first five year economic plan was advised by Pakistan which was the turning point for Korean economy. Korea is the 13th highest in GDP in the world and per capita income is nearly US $ 31,700. He said that we understand energy problem of Pakistan and would like to help.

The meeting was attended by Mr. Haroon Rashid, Sheikh Shakeel Ahmad Dhingra Vice Presidents FPCCI, Mr.Nasir Uddin Sheikh, Chairman, FPCCI Standing Committee on Fairs and Exhibitions, Mr. Sohail Nisar, Chairman, Pak –Korea Business Council of FPCCI, Sheikh Imtiaz, Syed Masood Alam Rizvi, Secretary General FPCCI, Mir Nasir Abbas, Director General International Affairs FPCCI, and representative of Korea Trade Centre (KOTRA) Karachi.

The meeting was concluded with presentation of FPCCI crest to Mr. In-Ki Lee.

For more information, contact:
Syed Masood Alam Rizvi
Secretary General
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Karachi-75600, Pakistan
Tel: 0092-21-35873691, 93-94
Fax: +9221 3587 4332
Email: info@fpcci.com.pk
URL: www.fpcci.com.pk

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