Minister Khan and Ambassador Park Strengthen Economic Ties

The recent meeting between the Ambassador of the Republic of Korea to Pakistan, Park Kijun, and Federal Minister for Commerce, Jam Kamal Khan, marked a significant step towards strengthening economic ties between the two countries. The discussions primarily focused on boosting bilateral trade and investment opportunities.

During the meeting, Minister Khan extended a warm invitation to Korean companies to explore investment prospects in Pakistan's commercial and strategic projects. He highlighted the government's ongoing efforts to enhance business connectivity and streamline the investment process, aiming to attract more foreign investors.

Ambassador Park Kijun expressed a strong interest in collaborating with Pakistan to increase trade volumes and identify new business avenues. Both parties acknowledged the potential for mutual growth and prosperity through enhanced economic cooperation.

Minister Khan reassured the Ambassador of the government's dedication to promptly addressing any issues faced by foreign businesses operating in Pakistan. He also encouraged Korean investors to consider upcoming privatization opportunities across various sectors, aligning with the government's goal of promoting private sector participation in the economy.

Key sectors identified for potential investment included energy, port and shipping, fisheries, and agriculture, all crucial for Pakistan's economic development. Minister Khan highlighted the success of the recent Saudi Arabia-Pakistan Investment Forum 2024 and proposed organizing a similar event to attract Korean investors interested in Pakistan.

Minister Jam Kamal Khan reiterated the government's commitment to creating a conducive business environment in Pakistan. He expressed optimism about the country's progress towards prosperity and growth, emphasizing the increasing opportunities and favorable business climate in Pakistan.