Finance Minister Shaukat Tarin has said the government is coming up with a comprehensive policy for expansion of auto industry.

He was talking to Korean Ambassador to Pakistan Suh Sang Pyo who called on him in Islamabad on Tuesday.

The Finance Minister said the policy is aimed at increasing the production of cars, motorcycles, tractors etc.

He said the government is determined to encourage and incentivize foreign investors who are keen to undertake investment venture in different fields.

Shaukat Tarin said the government also stands committed to revive the business and industry hit hard due to Coronavirus pandemic. The ultimate focus of government is employment generation, efficient resource mobilization and industrial growth.

The Finance Minister welcomed plans by Samsung to start cell phone assembly in Pakistan and promised full facilitation in this regard.

He expressed desire of increasing exports to Korea.

The Korean Ambassador highlighted potential for furthering cooperation in hydropower generation and stated that Korean companies are satisfied with the business environment in the country.