ROK, Pakistan Enjoy Growing Trade

Korea Times (Seoul, Korea), August 14, 2000 | Go to article overview

ROK, Pakistan Enjoy Growing Trade


Pakistani Ambassador Tariq Osman Hyder contributed the article on the 53rd Independence Day of Islamic Republic of Pakistan on Monday, August 14, 2000.--ED.

On August 14, Pakistan is celebrating its first Independence Day in the new millennium. Pakistan came into being as a result of the exercise of the right of self-determination of its Muslim people. This is, therefore, an occasion both for rejoicing and for reflection over the lessons of the past and the challenges in the new millennium.

The struggle of the Muslims of South Asia for a homeland culminated into the achievement of Pakistan where they could lead their lives in accordance with their beliefs, customs and traditions and free from colonial and alien domination. The people of Pakistan waged a valiant struggle and made innumerable sacrifices for a free homeland in the face of heavy odds. The credit for achieving a free homeland, in fact, goes to the indomitable spirit and unparalleled leadership of the founder of Pakistan, Quaid-e-Azam Muhammad Ali Jinnah.

Pakistan, in the ultimate analysis, is embodiment of the concept that the people of Pakistan have an inalienable right to lead their lives according to their own belief, traditions and customs while respecting those of others. Therefore, the constitution of Pakistan provides strong guarantees for fundamental rights and basic freedom of its people.

The government of Pakistan is engaged in the task of national reconstruction to provide a firm foundation for sustainable democracy and equitable socio-economic development. Accordingly Pakistan has achieved commendable all-round progress in the economic and social fields. Initially having an agricultural economy, Pakistan in its 53 years of existence now boasts a highly--developed light industry in addition to well-developed infrastructure. Rapid progress in the development of heavy industry is also underway. Information technology has been given priority.

As an active member of the international community, Pakistan maintains friendly and cooperative relations with all countries of the world and plays and active role in international and regional forum. Pakistan has provided troops for many U.N. peacekeeping missions around the world.

Pakistan and the Republic of Korea maintain very close friendly and cooperative bilateral relations. These relations are based on mutual understanding and similarity of views on important regional and international issues. Pakistan has supported the Sunshine Policy of the Republic of Korea, under the leadership of president Kim Dae-jung, and has hailed the inter-Korean summit as a historic achievement.

The complement of the economies have led to significant bilateral cooperation and mutually beneficial relationship in the economic, commercial and technical fields. The Republic of Korea is amongst Pakistan's top ten trade partners. The two countries have agreed to raise the existing level of two way trade to US$ 1.3 billion as soon as possible.

Pakistan-Korea trade relations have again started growing rapidly after the Republic of Korea was able to successfully surmount the regional economic recession of 1997/1998. Pakistan-Korea trade volume grew significantly in 1999 and has again increased in the first 6 months of this year 2000. …

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