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Friday, June 10, 2011

Punjab look to buy training, South Korea Seoul

Lahore, may soon see the railway system, the South Korean train operation. Visit the Lahore Chamber of Commerce and Industry and Chairman of  told the Korea Times, the owner, the city plans to import the rail of Korea (rail) engine, and possibly sign an agreement to purchase state-owned railways.

"The initial investment to be very small, and if we buy motorcycles, and will cost about $ 600 million. And will grow to a large extent." Railway deal will take some time to reach the owner and his counterparts from South Korea in the talks, at the present time only.

Malik is the end of the five-day visit to South Korea on Thursday as part of tourism, South Korea, China and Vietnam. And visited the factory in Gyeonggi Province, Korea and the railway officials of the company.

Another purpose of his visit is to promote more bilateral trade between Pakistan and North Korea. The owner of that trade, including imports and exports fell to 865 million 755 million in 2009.2010.

The owner, it is the most important business interests, Rice expressed the hope that the export of rice to South Korea. He said the South Korean government in September, received Rice, Rice try to exporters and the allocation of import quotas would like Lahore and non-tender long grain fragrant rice.

Malik said he was from South Korean companies to invest directly in Lahore, light engineering sector of the energy industry, food industries and markets are looking for. One example is a river in Punjab province, and small hydroelectric energy projects.


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