Pakistan an emerging market: Korean envoy

ISLAMABAD: Pakistan is an emerging market with a strategic location, access to deep sea, natural resources, good irrigation system and talented youth that comprises 60% of the population, Ambassador of Republic of Korea Dr Song Jong-Hwan said on Thursday.

He said that Korea had fewer resources but was now considered as one of the top economies of the world and that was because of extraordinary sacrifice of the people and their work ethics.

He said that he was convinced that Pakistan would achieve its own economic miracle: Miracle of Indus River.

He was expressing these views while delivering a lecture on Pak-Korean relations at National University of Modern Languages (NUML).

NUML Rector Major General (Retd) Zia Uddin Najam, NUML Director General Brig Riaz Ahmed Gondal, NUML Registrar Brig (Retd) Aminullah Khan, King Sejong Institute Director Dr Atif Faraz and a large number of students attended the lecture.

Dr Song Jong-Hwan said that both countries have strong bilateral relations and Korea is assisting Pakistan in many mega projects like IT Park, health, education, transportation and energy sectors to make the country prosperous.

He stressed the need of education and shared that over a period of time Korea spent over 20% of its annual budget on this sector.

Korean Ambassador said that Pakistani youth can change the fate of the country and for that end they must learn the art of work ethics.

Speaking on the occasion, NUML Rector said that Korea was listed in the world’s top economies and as a nation has set an example for others by adopting exceptional work ethics.