ISLAMABAD - The economic development of South Korea was on adoption of economic policies of Pakistan. But unfortunately due to chronic bureaucratic hurdles and unstable political conditions, Pakistan could not take benefits of its own economic policies. Now we should follow Korean economic pattern to ensure rapid economic growth in Pakistan. This was stated by Zakarai Usman, President FPCCI after signing an MoU with Korean Chamber of Commerce on the occasion of Pakistan-Korea Investment Cooperation Forum at Islamabad graced by the Prime Minister of Republic of Korea.
Zakaria Usman further stated that we must learn lessons from speedy development of Korea which has remained focused on economic development and promotion of SMEs with no political interference in commercial matters. He said that our bilateral trade with Korea stands at $1.6 billion annually while its trade with India is over $16 billion and around $1 billion daily with China.