PAKISTAN and South Korea have agreed to further strengthen their bilateral cooperation in different fields including trade, commerce, power generation, science and technology. For this purpose, the two countries are giving final touches to Comprehensive Economic Partnership Agreement (CEPA). It is hoped that the agreement will be signed during Pakistan-Korea Trade and Investment Conference scheduled in Seoul, the capital of South Korea in coming March. Companies of the two countries recently signed six Memoranda of Understanding (MOUs) to enhance cooperation in different sectors. Islamabad is encouraging Korean companies to set up production units in Pakistan and exports their products to local market, Central Asia and Middle East.

South Korean company, KOEN has agreed to construct two hydel power stations in Swat. The company will invest $1 billion and the projects on completion will generate 467-megawatt electricity. Feasibility studies of the power stations have already been completed. A similar project will also be completed at Lower Spat Gah near Pattan in Indus Kohistan. It has the capacity to produce about 500 MW electricity. Trade between the two countries is going smoothly since long. According to United Nations Commodity Trade Statistics Database, Pakistan exported goods of $164.95 million to South Korea last year. These include textiles, leather,........

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