HomeNewsDiplomatic NewsFinance Minister Aurangzeb meets Korean envoys to boost economic ties

Finance Minister Aurangzeb meets Korean envoys to boost economic ties


Islamabad, 3 June 2024 (TDI): Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb had a meeting with the Korean Ambassador and representatives of Korean Companies working in Pakistan at the Finance Division.

The Secretary, Ministry of Communications, Chairman of National Highway Authority (NHA), MD Private Power & Infrastructure Board (PPIB), and senior officers from relevant ministries were also present in the meeting.

The Korean Ambassador appreciated the Government’s economic initiatives and strong bilateral relations between Pakistan and Korea. He emphasized the need to fully exploit the untapped potential for further collaboration. Representatives from Korean companies briefed the Minister on their concerns regarding project timelines and operational efficiency.

The Finance Minister underscored the significant macroeconomic improvements and noted the positive trend in foreign exchange reserves.

Also Read: China, Pakistan sign agreements to facilitate industrial cooperation

Furthermore, Finance Minister Senator Muhammad Aurangzeb reiterated the commitment of the Government to address the challenges faced by Korean companies operating in Pakistan and this regard urged the relevant authorities to ensure their facilitation for smooth business operations.

The meeting concluded with a pledge to strengthen economic cooperation between Pakistan and Korea and to work collectively towards addressing mutual concerns for the benefit of both nations.

The Diplomatic Insight is a digital and print magazine focusing on diplomacy, defense, and development since 2009.

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