South Korean Lotte Group plans foreign investment in Pakistan

KARACHI: Lotte Pakistan Limited which started operations in Pakistan in the year 2009, plans to make further investment in its Purified Terephthalic Acid (PTA) plant at Port Qasim in Karachi.

"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 talking to reporters on Saturday.

“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.

Copyright PPI (Pakistan Press International), 2011