ISLAMABAD
\nSuh Sang-Pyo, Ambassador of the Republic of Korea paid a courtesy call on the Federal Minister for Finance and Revenue, Mr. Shaukat Tarin here at the Finance Division Tuesday. .
\nWhile extending a warm welcome to the H.E. Ambassador, the Finance Minister stated that Pakistan enjoys friendly relations with Korea and is looking forward to further strengthening bilateral relations between the two countries.
\nThe Finance Minister thanked Korea for 3-year Framework Arrangement under which $500 million are being provided for projects in IT, education and health.
\nBoth sides exchanged views on economic potential and stressed the need to further promote mutual trade and investment linkages. The Finance Minister expressed the desire of increasing exports to Korea.
\nThe Finance Minister briefed the Korean Ambassador about the recent economic developments and initiatives. The current Government aims at achieving all- inclusive and sustainable economic growth with key focus on \u201cbottom-up\u201d approach.
\nThe government has chalked out short, medium and long term plans to spur growth in key priority areas, he said.
\nFurthermore, the Government is coming up with a comprehensive policy for expansion of auto industry in Pakistan by increasing the production of cars, motorcycles, tractors etc. The government is determined to encourage and incentivize foreign investors who are keen to undertake investment ventures in respective fields.
\nThe government also stands committed to revive the business and industry that has been hit hard due to Coronavirus pandemic.
\nThe ultimate focus of the government is employment generation, efficient resource mobilization and industrial growth, he added.
\nThe Finance Minister welcomed plans by Samsung to start cell phone assembly in Pakistan and promised full facilitation in this regard.
\nThe Korean Ambassador thanked the Finance Minister for his time and underscored the importance of people-to-people contact between the two countries.
\nHe also highlighted potential for furthering cooperation in hydropower generation and stated that Korean companies are satisfied with the business environment in the country.
\nThe Finance Minister affirmed full support and cooperation on the occasion.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD Suh Sang-Pyo, Ambassador of the Republic of Korea paid a courtesy call on the Federal Minister for Finance and Revenue, Mr. Shaukat Tarin here at the Finance Division Tuesday. . While extending a warm welcome to the H.E. Ambassador, the Finance Minister stated that Pakistan enjoys friendly relations with Korea and is looking forward […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-210303","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"\n