Zardari invites South Korea to invest in Pakistan

President Asif Ali Zardari invited South Korea to invest in Pakistan and establish special economic zone in his country.
Addressing a luncheon hosted by South Korean counterpart Lee Myung-Bak after an official welcome on his arrival at the Cheong Wa dae – Office of the President, President Zardari said Pakistan is an attractive country for investors and traders, adding his country wants to learn from the host country’s experiences.
He said South Korea attained outstanding progress in a very short time, adding Motorway project in Pakistan is a great example of friendship between South Korea and Pakistan.
“The trade volume between Pakistan and South Korea is currently worth $1.5 billion, which we want to expand to five billion dollars,” he added.
Elaborating on the challenges of extremism and terrorism facing the region especially Pakistan, President Zardari said, “We want to exterminate extremists’ ideologies. And, we are quite determined for the purpose to take this war on terrorism to its logical end.”
President Lee Myung-Bak said Pakistan’s economy is standing on firm footing despite the challenges of terrorism, adding the democracy is receiving boost under the able leadership of President Zardari.
The rights of women and minorities are being protected in Pakistan, the host president asserted adding Pakistani nation can expect a better future guided by President Zardari.
It should be mentioned here that President Zardari arrived here Monday on a three-day official visit to hold talks with the Korean leadership in a bid to expand bilateral cooperation and trade ties.
Minister for Water and Power Chaudhry Ahmed Mukhtar, Commerce Minister Amin Fahim, Minister of State for Foreign Affairs Nawabzada Malik Ammad Khan, Pakistan Muslim League (Q) Chief Chaudhry Shujaat Hussain and a delegation of businessmen accompanied the President.
The Republic of Korea has also provided assistance for Pakistan’s economic and social sector development and as a member of the Friends of Democratic Pakistan (FoDP), pledged a $200 million economic assistance package for Pakistan at Tokyo Ministerial Donor Conference in April 2009.