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DAEWOO

DAEWOO Daewoo, a Korean chaebol (industrial-business conglomerate), won the contract to build the Lahore-Islamabad Motorway in 1992 The contract was awarded by the first administration (1990-1993) of Prime Minister Mian Nawaz Sharif on terms that were considered by many in Pakistan to be favorable to the Korean enterprise Daewoo also indicated interest in building a large industrial estate near Karachi and in developing the land alongside the motorway for industry and commerce The motorway project was expected to be completed in three years; instead, it took six years to finish The delay was caused in part by the less-than-enthusiastic support for the project by the second administration (1993-1996) of Benazir Bhutto

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