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Punjab govt has created favourable environ for investment - Lahore_Real_Estate - 11-19-2011 11:46 AM
Lahore—Ambassador of South Korea in Pakistan Choong Joo Choi met Punjab Chief Minister Muhammad Shahbaz Sharif here today and discussed matters of mutual interest as well as cooperation in transport, mining, hydle power and other sectors. Member National Assembly Pervaiz Malik, Chairman Lahore Transport Company Khawaja Ahmad Hasaan and Secretary Transport were also present on the occasion.
Talking to the Korean Ambassador, the Chief Minister said that Pakistan has cordial relations with South Korea which has made remarkable progress in various sectors.
He said that there are vast opportunities of cooperation in different sectors in Punjab and provincial government has created a favourable environment for promotion of investment and all facilities are being provided to investors under one roof.
He said that he visited South Korea during his last tenure and introduced a well-organized transport system for the first time in Pakistan in the form of Daewoo Bus Service.
He said that an air-conditioned CNG bus service has recently been launched in Lahore with the cooperation of Chinese company Foton which has resulted in availability of affordable, comfortable and efficient transport service to the people.
He said that in the next phase, similar transport facilities will be provided in Faisalabad, Multan, Rawalpindi and other big cities of the province.
He said that an agreement has been signed between the leading companies of Istanbul and Solid Waste Management for the disposal of solid waste from provincial metropolis while in addition to other foreign companies negotiations are also being held with different Korean companies for cooperation in various sectors including Bus Rapid Transit System (BRT) and Mono Rail project.
He said that Korea has expertise in transport, hydle power, mining and other sectors and it can also extend cooperation in BRT and mono rail sectors in Punjab. He said that Daewoo is playing a commendable role in providing transport facilities to the people and like other investors Daewoo bus service will continued to be provided maximum facilities.
He thanked Korean Ambassador for taking keen interest in cooperation in various sectors and said that heads of various departments of Punjab government will send proposals to Korean Embassy in the light of which further steps will be taken for cooperation. He thanked Korean Ambassador for inviting him to Korea and said that Korea has made commendable progress and it will be an honour for him to visit Korea.
South Korean Ambassador in Pakistan Choong Joo Choi appreciated the measures taken by the Chief Minister Punjab Muhammad Shahbaz Sharif for the development of transport and other sectors and said that Korea will increase cooperation in BRT, mining, hydle power and other sectors. He also invited Muhammad Shahbaz Sharif to visit Korea.