Ahsan Iqbal asks Korean investors to explore vast investment opportunities in Pakistan.

ISLAMABAD -- Minister for Planning Development and Special initiative Ahsan Iqbal on Thursday called upon the Korean investors to explore the vast investment opportunities existing in various sectors of economy to enhance bilateral trade and investment relations between the two countries.

Addressing 'Pak-ROK 2022 Infrastructure Business Forum', the minister said that bilateral trade volume among both the countries was quite low and stressed the need to enhance it to its existing potential in order to further strengthen economic relations in future.

He said that Pakistan had deep relationship with Korea as both the countries were enjoying cordial trade and economic ties, adding that the forum would help in further cementing these existing bonds. He said that the construction of Lahore-Islamabad Motorway was a flagship project and shining example of bilateral cooperation between the two countries.

The minister said that 2022 century was the century of trade and economics, adding that Koran companies must harness all these existing investment opportunities in different sectors of national economy, besides taking measures for the technology transfer.

He asked the Korean companies for initiating joint ventures and developing projects on public-private partnership in various local sectors of national economy including energy generation, education, healthcare and other sectors.

Ahsan Iqbal said that a majority of local population was consisting on young people and leading Koran technologies companies were invited to establish their research laboratories here to get the dividend from this as cost of labor in Pakistan was lower as compared the other countries. Besides other sectors, the minister said that tourism was another sector which was offering grand opportunities for Korean investors, particularly in Taxila as the city was origin of Buddhist civilization and Gandharan art.

He urged the need for establishing a university in Taxila jointly by both the governments in order to preserve the history and oldest civilization as well as educating the coming generations about the that old civilization.

Speaking on the occasion, Minister for Board of Investment Chaudhry Salik Hussain said that road infrastructure in the country was damaged due to recent floods and reconstruction of these roads offers special opportunities for Korean investors and companies.

He said that local logistic sector and port and...