STAFF REPORT IBD: Pakistan should focus on indigenous resources to generate cheap electricity as South Korean companies have a capacity to explore coalfields reserves in Pakistan.
“South Korea being an important trade partner and having advanced expertise in the field of power sector could assist Pakistan in setting up joint ventures along with latest technology transfers as well as Korean investors could earn lucrative profits in Pakistan,” said Jeong Tae Song, Senior Vice President Doosan Corporation Korea, and other business representatives during his visit to ICCI.
On the occasion, he visiting dignitary met Tariq Sadiq former President ICCI and discussed various options to expand business opportunities especially in coalfield between the two countries.
Representatives from major companies like Samsung Construction and Trading Corp, Lottee Group, WISDOM, STX Group, KORAIL, K-Water, Sambu Construction, CK Solar, Dongin Medical Centre, KCIP, Sambo engineering, Daewoo E and C, KEPCO and Nano-Rronix were also present.
Shaukat Ali Mukadam expressed the desire to expand the bilateral trade ties between the two countries up to $5 billion over the next few years.
Tariq Sadiq former President ICCI said, “Pakistan gives immense importance to its relations with South Korea, especially in the context of the Vision East Asia Policy of the government.
He informed the meeting about organising of a follow-up visit of Pak-businessmen to South Korea would further strengthen and deepen the economic relations between Pakistan and Korea.