An 8-member South Korea delegation, headed by Hwang Kyu Ho, of Korean Ministry of Commerce discussed in detail the ways and means to promote bilateral co-operation in the field of energy and natural resources during a meeting with BOI Chairman Waseem Haqqie.
The visiting delegation comprises senior officials and experts of industry, energy and oil sectors including Hwnag Eu Dug from Energy and Resources Development Division, Jung Eun Young from Asian Division, Kwon Young from Petroleum and Marine Resources Division, Kim Min Kyu from Geo-technical Engineering Division, Yang Dong Ryong from Overseas EMP Department, Park Jin Gone from New Ventures Department and Chung Min Soo from Overseas Mineral Development.
The Korean delegation is visiting Pakistan to explore possibilities of investment and joint ventures in energy, mineral and oil exploration sectors.
BOI chairman explained the potential and resource base of Pakistan of various sectors including oil and gas, mineral, agriculture and IT-Telecom.
He highlighted the salient feature of Pakistan's liberal investment policy in which makes no discrimination between local and foreign investment for the purpose of facilitation and taxation.
The foreign investment in fully projected by law. Referring to the boom in the IT-Telecom sector, he pointed out that the user of cellular phone during the last 3 years has increased from 300,000 to 3.5 million and hopefully by the next year it will be around five million. Two International cellular Companies will soon be awarded licenses.
Explaining various initiatives and structural reforms by the government he said that the macro-economic indicators which are moving upward proves that Pakistan is business friendly country.
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