ISLAMABAD - Pakistan and Korea on Friday resolved to enhance bilateral relations in different fields while agreeing to explore the possibility of concluding a Free Trade Agreement (FTA). The Seventh Round of Bilateral Policy Consultations between Pakistan and the Republic of Korea was held in Islamabad, according to foreign office statement. The Korean delegation was led by First Vice Minister for Foreign Affairs and Trade, Kwon Jong-rak while Pakistani side was led by Acting Foreign Secretary, Khalid Aziz Babar.   The two sides reviewed the entire gamut of the bilateral relations and expressed satisfaction over their growth since the establishment of diplomatic ties in 1983, according to statement. Pakistan and Republic of Korea are celebrating the Silver Jubilee this year of the establishment of their diplomatic ties and have planned several activities to mark the occasion. The Korean Vice Minister felicitated the new democratic government in Pakistan on assumption of office. Both sides agreed to intensify contacts between the two parliaments and political parties. The two countries are also considering to establish sister-city relationships. It was noted that bilateral trade between the two countries had increased eight times since 1983 and crossed the figure of US $ 1 billion. Both sides agreed to explore the possibility of concluding a Free Trade Agreement (FTA), exchange trade delegations and participate in exhibitions and trade fairs. Pakistan side raised the issue of trade imbalance and modalities of export of Pakistani fruits and vegetables to Korea and identified energy, agriculture, fisheries, textiles, leather, IT, telecommunications and infrastructure development as possible areas for joint ventures and investments. Pakistan side also offered to meet manpower requirements of Korea. Both sides also discussed the regional and international issues including the situation in South Asia and the Korean Peninsula.  Pakistan and the Republic of Korea enjoy cordial and friendly relations. The two countries have a comprehensive framework for bilateral cooperation in the form of a Joint Economic Commission, Annual Policy Dialogue and about 27 Agreements and Treaties. Korea extends development assistance to Pakistan under its ODA programme.