Abdul Razak Dawood, advisor to the Prime Minister of Trade and Textiles, Production and Investment, urged South Korean companies to invest in Pakistan because of their better position in the “Ease of Doing Business” index to 11 points in 2019.
Prime Minister’s Advisor Abdul Razak Dawood visited Korea to tap the Korean market for Pakistani businesses.
He said in a statement that “Korea imports US$ 535 billion goods annually in the world, which offers huge potential for Pakistan.”
The Advisor said the government would welcome the Korean importers’ delegation to Pakistan. He said that KOIMA, the largest Korean importers association is keen to enhance imports from Pakistan.
He said the government would welcome the delegation of Korean importers to Pakistan. Further he said KOIMA, the largest association of Korean importers, wanted to improve Pakistan’s imports.
The visit had a special focus on enhancing Pakistan’s exports to Korea and attract Korean FDI.
KOIMA Chairman, Mr Hong Kwang Hee, said that Pakistan is becoming an important destination for Korean imports and KOIMA believed that the Pakistani market could be used for cheaper imports into Korea.