Razak urges Korean companies to invest in Pakistan
Dawood has visited Korea to tap Korean market for Pakistani businesses.
(Web Desk) – Adviser to the Prime Minister on Commerce,Textile, Industries and Investment Abdul Razak Dawood has urged the South Korean companies to invest in Pakistan owing to its improved global ranking in ‘Ease of Doing Business’ Index by 11 points in 2019.
Razak Dawood, concluded a successful visit to South Korea and he also was heading a delegation of textile top players, said a press release issued by Ministry of Commerce on Sunday.
He said Korea imports US$ 535 billion goods annually in the world, which offers huge potential for Pakistan.
The advisor to the premier said the government would welcome Korean importers delegation to Pakistan.
He said that KOIMA, the largest Korean importers association, was keen to enhance imports from Pakistan.
The private sector delegation from Pakistan included top players from the textile sector.
His visit was primarily focused on enhancing Pakistan’s exports to Korea and attracting Korean FDI.
KOIMA Chairman Mr Hong Kwang Hee stated that Pakistan was becoming an important destination for Korean imports and KOIMA believed that Pakistani market could be tapped for cheaper imports to Korea.
