Federal Minister Dr. Tariq Fazal Chaudhry attended South Korea’s National Day reception in Islamabad, emphasizing expanding bilateral cooperation in trade, technology, and industrial development. Discussions focused on enhancing economic frameworks and fostering robust business-to-business linkages between the two nations.
ISLAMABAD, October 21:
Federal Minister for Parliamentary Affairs Dr. Tariq Fazal Chaudhry emphasized the scope for expanding bilateral cooperation between Pakistan and the Republic of Korea during a diplomatic reception in Islamabad on Tuesday. The event, hosted by South Korean Ambassador Han Sungho, marked the National Foundation Day of the Republic of Korea, bringing together senior government officials, diplomats, and members of the local business community.
Addressing the gathering, Dr. Tariq Fazal Chaudhry conveyed official felicitations from the Government and people of Pakistan to the Government and citizens of South Korea. According to official reports from the Associated Press of Pakistan (APP), the federal minister stated that Islamabad attaches high importance to its long-standing diplomatic and economic relations with Seoul. He praised South Korea’s remarkable economic transformation over recent decades, describing the nation’s rise as a global technological and industrial powerhouse driven by systematic innovation, human capital development, and visionary policymaking.
The minister noted that Pakistan highly values South Korea’s extensive expertise across industrial manufacturing, advanced technology, infrastructure modernization, educational enrichment, and vocational skills development. He highlighted that substantial potential exists for both countries to deepen knowledge-sharing and technical collaboration in these vital sectors. Bilateral ties have steadily advanced across multiple dimensions, encompassing political dialogue, economic partnership, trade expansion, foreign investment, and people-to-people exchanges.
Dr. Chaudhry underscored Pakistan’s keen interest in accelerating economic cooperation, bolstering bilateral trade volumes, and facilitating direct business-to-business linkages. He pointed out that strengthened commercial frameworks would mutually benefit corporate sectors in both countries and support sustained economic growth. Furthermore, the minister pointed to ongoing official discussions regarding a potential Comprehensive Economic Partnership Agreement, which proponents argue could significantly streamline market access and investment flows.
Expanding Pakistan Korea Trade and Economic Cooperation
The diplomatic dialogue in Islamabad also touched upon bilateral development cooperation facilitated through institutional channels. Dr. Chaudhry expressed appreciation for the ongoing assistance provided by the Korea International Cooperation Agency (KOICA). He remarked that South Korea’s steadfast support for capacity-building programs and institutional strengthening initiatives has contributed meaningfully to Pakistan’s domestic development agenda.
Ambassador Han Sungho welcomed the visiting dignitaries and underscored the importance of continued diplomatic engagement between Seoul and Islamabad. Diplomatic observers note that bilateral exchanges have focused increasingly on diversifying economic portfolios beyond traditional aid, pivoting toward joint ventures in information technology, renewable energy, and industrial manufacturing.
Concluding his address, Dr. Chaudhry reaffirmed Pakistan’s enduring goodwill toward the Republic of Korea and reiterated Islamabad’s political commitment to fostering closer bilateral understanding. He extended warm wishes for the continued peace, prosperity, and progress of the Korean people, expressing confidence that cooperative ties between the two nations will continue to flourish in the coming years.
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