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Summary North Korean has urged that both Korea and Pakistan should work closely to explore untapped areas.
North Korean Ambassador Ro Kyong Chol made these remarks while talking to President, Islamabad Chamber of Commerce and Industry, Yassar Sakhi Butt during his visit to ICCI.He said Pakistan has diplomatic and economic relations with North Korea but bilateral trade is still below the potentialHe informed that North Korea has abundance of natural resources like coal, limonite, steel, graphite and lead. He said that North Korea has the largest open-air iron mine and offer lucrative incentives to foreign investors.The ambassador said that the business communities of Pakistan and North Korea have to play a vital role for promotion of bilateral trade and their greater mutual interaction is needed to achieve the ultimate objectives.President ICCI Yassar Sakhi Butt in his welcome address, said that by increasing people to people contract, bilateral trade between Pakistan and North Korea could be enhanced. He suggested that cooperation could be enhanced in petroleum, energy, tourism, surgical, sports goods, textile, agro, pharmaceutical and marble sectors.He said that North Korean business community should come forward and invest in marble and granite industry.
