Korea to build High Speed Trains for Pakistan Railways | Rupee News
Korea to build High Speed Trains for Pakistan Railways
Posted on 04 December 2012.
The Bullet Train (Photo credit: Gene Hunt)
The Pakistani Stock Exchange has hit another high pointit keeps breaking previous records, and is in fact one of the best performing Stock Exchanges anywhere. The original contract with the Koreans for High Speed Bullet Trains was discussed by Mr. Nawaz Sharif during this second term in office.
President KORAIL assured President Zardari that his company was willing to share its experiences and expertise with Pakistan Railways and help it develop on modern lines.
Mr. Zardari you done good! Khamsa Hamida!
President Asif Ali Zardari on Tuesday offered South Korea a Free Trade and a Currency Swap Agreement and proposed increased import of manpower from Pakistan. Pakistan and Korea
Tuesday inked six agreements dealing with:
Modernisation of Pakistan Railways,
Construction of the LNG terminal, and cooperation in banking sector, in a bid to further
solidify their bilateral ties.
President Zardari, while highlighting the immense investment potential in Pakistan, said that the countrys huge coal reserves of about 185 billion tons, its potential Hydel power, wind corridors and year round sunlight could be harnessed with Korean assistance by the setting up of coal fired power plants, dams, wind farms and solar plants.
Bullet Train on the New Tokaido Line (Photo credit: adam79)
The signing of agreements in various sectors came during President Asif Ali Zardaris state visit to the Republic of Korea.
