Free trade agreement offer to South Korea lauded

KARACHI: Chief Executive, Trade Development Authority of Pakistan (TDAP), SM Muneer, has said that government was very active to enhance trade, and offering Free Trade Agreement to South Korea showed seriousness of the government.

“Pakistan has capability to fulfil increasing demand of food items and products all over the world for which there is a need to increase production activities,” he said while speaking at a dinner party hosted by Raja Mohammad Ilyas in his honour on Monday night.

President, All Karachi Industrial Alliance, Mian Zahid Hussain, Cricketer Shahid Khan Afridi, Mehtabuddin Chawla and SM Naseer were also present.

SM Muneer said that TDAP had become active under the directives of the government for international trade along with America, European Countries, Japan, China, India, UAE and African countries. He said that Ministry of Commerce was interested to enhance Pakistan-Iran trade for which TDAP was reviewing the hindrances and would take every step to remove them.

He said that dialogue for restoring and developing trade would be held with India, Iran and other countries at government level so that export volume could be increased.

SM Muneer said: “We should forget the past of TDAP and work for future. TDAP is ready to take every possible step for access of Pakistani products to new markets and businessmen should also take steps for increasing the production.”

Mian Zahid Hussain said that visit of South Korean Prime Minister was a good sign as it would increase confidence of investors of the both countries in different sectors.

He said that there was a vast opportunity of investments in Pakistan and investors of South Korea could invest in energy sector without any fear and work in joint plans.

SM Naseer said that Prime Minister Nawaz Sharif was trying to increase trade transaction with neighbouring and other countries and an economic revolution would come under the leadership of Nawaz Sharif.

He said that dialogue in Commerce, Energy, National Security and Foreign Affairs sectors were appreciable whereas South Korea would invest in 1000 mega watt Golpur hydro electricity. He said that South Korea could introduce their latest technology and experts in transport sector for which transport system and railway could be revived.

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