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Home Business

Pakistan to become transit hub for economic integration in region

by Web Desk
August 10, 2021
in Business, Economy
Reading Time: 1 min read
0
economic integration
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Chairman of the Senate Standing Committee on Commerce Zeeshan Khanzada stated that Pakistan would become a transit centre in the future and would also allow for regional economic integration.

Khanzada asked Korean corporations to form cooperative ventures with their Pakistani counterparts in sessions of the Pak-South Korea Parliamentary Friendship Group while speaking with South Korean Ambassador Sang-Pyo. Senate Chairman Muhammad Sadiq Sanjrani, according to the Korean ambassador, has always lent his support to the resolution of trade and business concerns.

Senator Samina Mumtaz welcomed the ambassador and stated that the Pak-South Korea Parliamentary Friendship Group will aid economic development in Pakistan. Both parties agreed at the discussion that better joint business ventures between the two countries may assist increase bilateral cooperation in all areas.

The Parliamentary Friendship Group also made recommendations for business-to-business meetings, high-level trade delegation exchanges, and bilateral exhibitions, all of which would provide international investors and traders with outstanding and profitable business possibilities.

The ambassador added that 10,000 Pakistani labourers worked in Korea before Covid-19, shedding information on employment prospects for skilled and unskilled workers in Korea.

Tags: economic integrationKorean corporationsPak-South KoreaSenate Standing Committeetransit hub
Web Desk

Web Desk

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