Islamabad: According to news released on Monday, Pakistan and South Korea are due to sign a Memorandum of Understanding (MoU) to conserve and promote Gandhara heritage (October 4). The South Korean government has agreed to pay a USD 4 million grant for the preservation of the ruins of the historic region in northwest Pakistan.

Read More: Korea to fund water treatment plants in Lahore

This MoU, according to South Korean Ambassador Suh Sangpyo, will aid the Korean Buddhist Tourism project, which was discussed during the President of the Jogye Order’s visit to Pakistan in 2019. He went on to explain that both countries have other aspects of bilateral cooperation to focus on. It was also revealed that Pakistan and Korea are cooperating to transport Afghan nationals from Kabul to Korea via Islamabad in a safe manner.

Read More: FTA to boost bilateral trade between South Korea, Pakistan: Ambassador Sangpyo

Furthermore, the ambassador said that Pakistan will get a USD 1 billion loan from the Economic Development Cooperation Fund, a soft loan programme for underdeveloped nations, for a period of five years.

Stay tuned with Tajarat Property for more updates or information about the top-notch real estate projects like Blue World City.