Report: City Reporter :
ISLAMABAD — The Islamabad Chamber of Commerce and Industry (ICCI) and the Pakistan Business Association Korea (PBA Korea) have signed a Memorandum of Understanding (MoU) to strengthen institutional cooperation, promote bilateral trade and investment, enhance business-to-business linkages and facilitate greater interaction between the business communities of Pakistan and South Korea.
The MoU was signed during the visit of a high-level PBA Korea delegation to ICCI, led by Chairman Mudassar Ali Cheema (Tamgha-e-Imtiaz).
Mudassar Ali Cheema appreciated ICCI for providing a platform for structured engagement between Pakistani and Korean businesses. He highlighted PBA Korea’s efforts to organize the Pakistani business community in Korea, address community and business-related issues and promote stronger commercial relations between Pakistan and South Korea.
ICCI President Sardar Tahir Mehmood welcomed the delegation and said the MoU marked an important step towards translating the strong Pakistan-Korea relationship into tangible economic opportunities. He said overseas Pakistanis, particularly the business community in Korea, could serve as effective economic ambassadors by connecting Pakistan with international markets, investment, technology and global business networks.
He said Pakistan’s young workforce, large market and investment potential, combined with Korea’s advanced technology, capital, industrial expertise and access to international markets, could create substantial opportunities for both countries. He emphasized that the MoU would provide a framework for promoting B2B meetings, joint business delegations, investment opportunities, market information exchange and direct interaction between entrepreneurs.
President Pakistan Business Association Korea Rahim Shah said the association would work closely with ICCI to translate the objectives of the MoU into practical initiatives and mutually beneficial business opportunities. He expressed hope that enhanced cooperation would encourage Pakistani and Korean companies to explore new partnerships, joint ventures, investment projects and opportunities for technology and knowledge transfer.
Those present on the occasion included PBA Korea Vice Chairman Sabir Khan Khattak, ICCI Vice President Irfan Chaudhry, ICCI Executive Members Zulqurnain Abbasi and Waseem Chaudhry, former Senior Vice President Khalid Chaudhry and others.
