Finance Minister pledges support for Korean companies in Pakistan

June 03, 2024 (MLN): Finance Minister Muhammad Aurangzeb reiterated the government's commitment to address the challenges faced by Korean companies and urged the relevant authorities to ensure their facilitation for smooth business operations.

According to a press statement released today, Senator Muhammad Aurangzeb had a meeting with the Korean Ambassador and representatives of Korean Companies working in Pakistan at the Finance Division today.

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.

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.

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