LAHORE: Korean Ambassador to Pakistan Dr. Song Jong Hwan said that Pakistan has all the required ingredients to grow like China.
He was addressing at a meeting at the Lahore Chamber of Commerce and Industry. The LCCI President Ijaz A. Mumtaz, Senior Vice President Mian Nauman Kabir and Vice President Syed Mahmood Ghaznavi also spoke on the occasion.
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Korean Ambassador said that in 1980, China was exactly like Pakistan and today it has become the economic giant of the world.
“I am sure that 10 years down the line, Pakistan would be a shining star on the world economic horizon”, Dr. Song Jong Hwan said.
Ambassador expressed the optimism that the volume of trade between Pakistan and South Korea was bound to increase as both the governments are taking measures to get the desired results.
Dr. Song Jong Hwan called for a proper sector-specific strategy to identify the challenges and problems coming in the way of bilateral trade between Pakistan and Korea.
The diplomat while identifying a number of areas for mutual cooperation said that there was a need for expertise-sharing as both the countries have a lot to learn from each other.
He urged the LCCI to arrange a business delegation to South Korea so that Pakistani businessmen could have first hand knowledge about opportunities there.
The LCCI President Ijaz A. Mumtaz said that Korea is an important trading partner of Pakistan. South Korea is the second biggest export destination of Pakistan in East Asia after China. It comes at 14th place among the top importing countries and at 16th place among the top exporting countries for Pakistan.
