South Korean companies keen to invest in automobile, hydro projects in Pakistan

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ISLAMABAD: Pakistan and South Korea have agreed to explore new avenues for investment as such cooperation always play a central role in bringing nations closer and help build a long lasting and mutually beneficial relationship at all levels.

In this regard, Ambassador of South Korea called on Deputy Chairman Senate Saleem Mandviwalla at the Parliament House on Thursday and exchanged views of matters of mutual interests besides strengthening trade and economic relations.

The deputy chairman Senate said that South Korea and Pakistan share identical views on issues being faced at regional and global levels and both countries desire a peaceful solution to all issues.

He said that Pakistan desires to further strengthen bilateral multi-sector cooperation with South Korea.

He added that South Korean companies are already working in different sectors, however, there is huge scope for investment in energy, automobile, transport and other sectors.

He said that Pakistan highly values it bilateral cordial relations with South Korea. He also invited the Speaker of the South Korean parliament to visit Pakistan.

“We want to further strengthen parliamentary cooperation between the two parliaments through frequent exchanges” Senator Mandviwalla said.

The South Korean envoy agreed with Mandviwalla. He said that automobile and hydro sectors are being focused by South Korean investors and a number of South Korean companies are ready to invest in Pakistan which would be beneficial for both sides.

Mr Mandviwalla expressed his well wishes to the Parliament, people and government of South Korea.

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