South Korean Lotte Group plans to invest in Pakistan

Lotte Pakistan started operations in Pakistan in 2009. We want to invest for a new PTA plant at the same site at Port Qasim,” said Lotte Pakistan PTA Limited Executive Director Jung Neon Kim.“We expect positive and favourable response from Pakistan government in order to make further investment as well as expansion. We are focussing on Sindh and Punjab provinces in hydro engineering and hydro power projects construction for supply to Pakistani industry, he added.Kim said South Korean Lotte Group delegation visited Pakistan for talks in February last. We are looking for consistent government policy and expect more incentives for foreign investment in Pakistan, he added.