ISLAMABAD: Republic of Korea Friday pledged $500 million financial assistance to Pakistan for completion of several projects, including improvement of Power distribution systems, hydro-power, road infrastructure, information technology as well as the Health Sector.
In this regard, the Secretary Economic Affairs Division and the Ambassador of the Republic of Korea signed an agreement on behalf of their respective governments.
On the occasion, Finance Minister Senator Ishaq Dar appreciated the role and cooperation extended by the Republic of Korea for development projects in Pakistan. He said the Framework Arrangement will enable Pakistan to seek financing from Korean Exim Bank for development of Energy and other Infrastructure Projects in Pakistan.
