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South Korea to supply $1b mortgage to Pakistan

by Pakistan Latest News Update

ISLAMABAD – Pakistan, and Korea inked a $1 billion settlement for the completion of varied improvement tasks beneath the Financial Improvement Cooperation Fund.

Stories in native media mentioned Secretary of the Ministry of Financial Affairs, Mian Asad Hayaud Din, and the Ambassador of the Republic of Korea, Suh Sangpyo, signed the settlement. Federal Minister for Financial Affairs, Sardar Ayaz Sadiq, and different senior officers had been additionally current on the ceremony.

Federal and provincial our bodies will submit proposals to Financial Affairs Division to avail funding for tasks geared toward uplifting residents.

The minister and the Secretary EAD appreciated the Korean ambassador for paving the way in which for reaching an settlement and recommended the Republic of Korea for its eternal assist to Islamabad.

Seoul and Islamabad have at all times loved cordial relations and Korea aimed to additional improve the bilateral relations between the 2 international locations to new heights, the minister maintained.

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