{"id":86554,"date":"2022-06-10T15:58:30","date_gmt":"2022-06-10T10:58:30","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=86554"},"modified":"2022-06-10T15:58:36","modified_gmt":"2022-06-10T10:58:36","slug":"south-korea-usd-1-bn-infrastructure","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/south-korea-usd-1-bn-infrastructure.html","title":{"rendered":"South Korea to provide USD 1 bn loans for infrastructure development"},"content":{"rendered":"\n<p>Islamabad: The Republic of Korea (South Korea) will offer Pakistan USD 1 billion in long-term concessional credit for infrastructure development programmes, news sources reported on June 10. The soft loan will be focused on the development of sustainable infrastructure in various development fields in the country.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/pakistan-south-korea-signs-mou-to-preserve-gandhara-heritage.html\" data-type=\"post\" data-id=\"80280\" target=\"_blank\" rel=\"noreferrer noopener\">Pakistan, South Korea signs MoU to preserve Gandhara heritage<\/a>\u00a0\u00a0\u00a0<\/p>\n\n\n\n<p>Reportedly, the agreement was signed between the Ambassador of Korea to Pakistan, Suh Sang Pyo, and Federal Minister for Economic Affairs Sardar Ayaz Sadiq. Both countries signed a Framework Arrangement (2022-26) on June 09. As per the agreement, the Republic of Korea will offer soft, long-term loans for the development of health, communication, agriculture, and energy sectors with a special focus on <a rel=\"noreferrer noopener\" href=\"https:\/\/www.zameen.com\/news\/uae-to-invest-in-pakistans-infrastructure.html\" data-type=\"post\" data-id=\"85810\" target=\"_blank\">information technology (IT) sectors<\/a>.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/pakistan-japan-telecommunication-it.html\" data-type=\"post\" data-id=\"85696\" target=\"_blank\" rel=\"noreferrer noopener\">Pakistan, Japan to cooperate in telecommunication, IT fields<\/a>\u00a0<\/p>\n\n\n\n<p>It was revealed that the funds would especially focus on the development of IT infrastructure in the country.\u00a0 It is important to mention here that the Korean government is already investing in a major development, automobile, healthcare, and infrastructure development projects in the country.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Republic of Korea (South Korea) will offer Pakistan USD 1 billion in long-term concessional credit for infrastructure development programmes, news sources reported on June 10. The soft loan will be focused on the development of sustainable infrastructure in various development fields in the country. Read: Pakistan, South Korea signs MoU to preserve Gandhara heritage\u00a0\u00a0\u00a0 Reportedly, the agreement was signed between the Ambassador of Korea to Pakistan, Suh Sang Pyo, and Federal Minister for Economic Affairs Sardar Ayaz Sadiq. Both countries signed a Framework Arrangement (2022-26) on June 09. As per the agreement, the Republic of Korea will offer soft, long-term loans for the development of health, communication, agriculture, and energy sectors with a special focus on information technology (IT) sectors. Read: Pakistan, Japan to cooperate in telecommunication, IT fields\u00a0 It was revealed that the funds would especially focus on the development of IT infrastructure in the country.\u00a0 It is important to mention here that the Korean government is already investing in a major development, automobile, healthcare, and infrastructure development projects in the country.\u00a0<\/p>\n","protected":false},"author":84,"featured_media":68648,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385],"tags":[45076,52667,52666],"persona":[],"class_list":{"0":"post-86554","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"tag-korean-bank-to-lend-usd-49-mn-for-chakdara-timergarah-road","9":"tag-south-aisa","10":"tag-south-korea-to-provide-usd-1-bn-loan-for-infrastructure-development","11":"cat-20385-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>South Korea to offer USD 1 bn for infrastructure - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Republic of Korea (South Korea) will offer Pakistan USD 1 billion in long-term concessional credit for infrastructure development\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/south-korea-usd-1-bn-infrastructure.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea to offer USD 1 bn for infrastructure - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Republic of Korea (South Korea) will offer Pakistan USD 1 billion in long-term concessional credit for infrastructure development\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/south-korea-usd-1-bn-infrastructure.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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