Korean CG visits Pakistan Chemicals Association office

LARKANA: Chang-hee LEE, Consul General of Korea along with Son, Soo Youn Director General Kotra, visited Pakistan Chemicals & Dyes Merchants Association. M Haroon Nisar Numberdar, Chairman, Shaukat Riaz, IP Chairman & EC Members welcomed him and expressed their gratitude towards better relationship between the governments and people of both Pakistan & Korea. Numberdar informed about the role of PCDMA towards promotion of trade & business activities at national level.

Consul General of Korea in reciprocal expressed gratitude and solidarity for Pakistan and its citizens. Consul General of Korea was invited as guest of honour. Chairman PCDMA appreciated the efforts & services of Salman Parvez & Arif Balagamwalla as Convener and Advisor of Diplomatic Affairs Sub-Committee respectively. Korean Consul General expressed that presently Pakistan & Korean were facing bilateral trade deficit, however trade potential between Pakistan and Korean was enormous and both countries enjoyed a better volume in the recent past.

Consul General of Korea stressed the need of frequent dialogue between business communities of two countries to further explore the trade potential. He highlighted that Economic Relations between Pakistan & Korea were deep-rooted and many Korean Companies were doing business in Pakistan independently and as joint venture.

Korea Consul General, with immense pleasure, disclosed that Korea ranks Pakistan as priority country for trade and the top 10 foreign investors in Pakistan were Korean companies, namely, DAEWOO, LG, LOTTE, KOLSON, SAMSUNG, HYUNDAI, POSCO, SAMBU AND KOREA RAIL CORPORATION He encouraged the Business Community to enhance exports of textile products to Korea.

He further said that 12,000 Pakistanis were playing major roll in Korean economy by working there as skilled labour. He appreciated that Pakistan had great manpower resources, where as Korea was one strongest manufacturer of various commodities.

He assured that on PCDMA’S recommendation letter, Consulate would issue Visa to PCDMA members. He also assured that he would use the ambassador office at Islamabad for a large participation of Korean companies at PCDMA proposed Exhibition at Lahore during May 2015.

Earlier, Numberdar informed the Consul General that members of PCDMA were the main stakeholders of the export oriented industries by giving un-interrupted supply of raw materials on credit without any interest but in the interest of the Nation. Korean can also stand as a major supplier of materials to Pakistan, which need our close interaction and frequent meetings with Kotra.

Numberdar further said that there were wide scope for joint ventures with Pakistani companies in infrastructure development, ship building, electronics, chemical industries and automobiles sectors.

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