Naveed Ahmad Khan
Islamabad
The Prime Minister’s Advisor on Commerce, Textile, Industries and Production and Investment Mr. Abdul Razak Dawood is visiting Korea to tap Korean market for Pakistani businesses.
The visit has special focus on enhancing Pakistan’s exports to Korea and attract Korean FDI in Pakistani market. In this context, today , a networking event with selected group of CEOs of member companies of (KOIMA) Korea Importers Association, the largest importers Association with over 8000 members was arranged in Seoul. The KOIMA was briefed about the emerging opportunities in Pakistani market and how Korea investors and importers can take advantage of it. Pakistan has revealed comparative advantage in some products so Korean importers were encouraged to import more from Pakistan.
Chairman KOIMA Mr Hong Kwang Hee stated that Pakistan is becoming an important destination for Korean imports and KOIMA believes that Pakistani market can be tapped for cheaper imports to korea. KOIMA sends ten global delegation in a year and he is considering Pakistan as destination for one of the delegations. Korea imports US$ 535 billion goods annually which offers huge potential for Pakistan.
The Prime Minister’s Advisor on Commerce, Textile, Industries and Production and Investment Mr.Abdul Razak Dawood stated that Pakistan is ready to facilitate Korean investors and businesses in Pakistan. He would welcome the Korean importers delegation to Pakistan. He informed the KOIMA members about the business reforms that are underway in Pakistan and how these reforms are attracting global attention from investors and businesses.
In the event, besides the Korean businessmen, Korean Ambassador to Pakistan HE Kwak Sung Kyu, Secretary Commerce Mr. Ahmad Nawaz Sukhera and Ambassador of Pakistan to Korea Mr Rahim Hayat Qureshi were also present. The private sector delegation from Pakistan included top players from the textile sector.
