Pakistan, South Korea move closer to CEPA

Pakistan, South Korea move closer to CEPA.

Key points

• According to It was further, a second such conference is being planned in Seoul in March 2027, to build on the momentum generated once the CEPA is concluded.
• Diesel gets massive Rs32.63 cut as petrol cost rises Rs2.97 per litre.
• The conference was held against the backdrop of ongoing negotiations between Pakistan and the Republic of Korea on a CEPA.
• Once finalised, it would open new avenues for Pakistani exporters and further strengthen bilateral economic relations.
• The minister remarked the agreement, once finalised, would open new avenues for Pakistani exporters and further strengthen bilateral economic relations.

Once finalised, it would open new avenues for Pakistani exporters and further strengthen bilateral economic relations. Add BRecorder as a trusted source on Google.

In practice, the first round of Comprehensive Economic Partnership Agreement (CEPA) negotiations between Pakistan and South Korea had been successfully concluded, and the second round was projected shortly, noted Federal Minister for Commerce Jam Kamal Khan.

Notably, the minister remarked the agreement, once finalised, would open new avenues for Pakistani exporters and further strengthen bilateral economic relations.

In practice, the development came during a Pakistan-Korea Trade & Investment Conference held in Seoul, bringing together over 170 Pakistani and Korean businessmen and resulting in the signing of six Memoranda of Understanding (MOUs) between firms of the two countries, read a statement.

For context, the conference was held against the backdrop of ongoing negotiations between Pakistan and the Republic of Korea on a CEPA.

Meanwhile, the minister pressed the business communities of both countries to utilise the platform provided by the conference to forge concrete partnerships in advance of the Agreement's conclusion.

Meanwhile, the conference was attended by 91 Korean and 82 Pakistani businessmen, including members of the Pakistani diaspora in Korea as well as delegates from the Sialkot Chamber of Commerce and Industry and the Gujranwala Chamber of Commerce and Industry.

For context, the proceedings commenced with a welcome address by the Ambassador of Pakistan to the Republic of Korea, followed by remarks from the Vice Chairman of the Daegu Chamber of Commerce and Industry.

Authorities of the Special Investment Facilitation Council (SIFC) and the Trade Development Authority of Pakistan (TDAP) additionally briefed the participants, highlighting Pakistan's export potential in textiles and apparel, leather goods, surgical and sports goods, agro-food products, minerals, and IT services.

During the dedicated Business-to-Business (B2B) sessions, Pakistani firms represented by the Sialkot, Gujranwala and other chambers of commerce signed six MOUs with their Korean counterparts, covering sectors including salt, cosmetics, and oil and sesame seed trade.

These MOUs are projected to serve as a foundation for definitive commercial agreements between the respective businesses.

According to It was further, a second such conference is being planned in Seoul in March 2027, to build on the momentum generated once the CEPA is concluded. Sialkot Chamber of Commerce and Industry. Gujranwala Chamber of Commerce and Industry. Daegu Chamber of Commerce and Industry. Oil rates steady as investors assess US-Iran war outlook. PSX: Buying interest returns, KSE-100 up 900 points. Gold hovers near early-June high on lower bond yields. Trump warns of economic consequences for any country that supports Iran.

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In short, pakistan, South Korea move closer to CEPA is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.