ISLAMABAD, 16 October 2021, (TON): Senate Chairman Muhammad Sadiq Sanjrani accentuated the need to further strengthen bilateral relations between Pakistan and South Korea in diverse fields including trade and economy.

A news release said “Pakistan cherishes its relationship with Korea and holds it in high esteem, he said while talking to Korean Ambassador Suh Sangpyo, who called on him.”

Sanjrani comprehended Korea’s remarkable journey on a path of peace, democracy and prosperity.

During the meeting, views were also exchanged on bilateral relations, matters of mutual interest and the overall regional situation.

Lauding Korea’s steadfast growth, the chairman remarked that within a short span of a few decades, it has transformed itself from a developing country into a leading technologically advanced economy.

Discussing the economic ties, Sanjrani underlined that economic relation between the two countries is the bedrock of the bilateral relationship.

He added “in the last two years, Korean companies have increased their footprints and market share in Pakistan.”

He underscored that the current bilateral trade of US$1.122 billion between the two countries was not commensurate with the true potential and stressed the need for Proactive measures to increase its quantum. A free trade agreement will bring benefits to both countries, he underlined.