ADP meeting: Dar calls for greater Japanese investment

Assures deputy premier firms already working in Pakistan are enjoying tremendous beneficial run

YOKOHAMA: Finance Minister Senator Muhammad Ishaq Dar urged the Japanese corporations to reap the advantage of economic opportunities in Pakistan.

The Japanese firms already working in Pakistan are enjoying tremendous beneficial run, he said on Sunday during a meeting with the Deputy Prime Minister and Finance Minister of Japan Taro Aso, on the sidelines of 50th Annual Meeting of Board of Governors of the Asian Development Bank (ADP).

Apprising Taro Aso of investment potential in Pakistan, Ishaq Dar also mentioned the recent report of PWC (PricewaterhouseCoopers - one of the world's largest professional services firms), which said Pakistan would be a member of G20 by 2030.



The Japanese deputy prime minister appreciated the economic performance of the ruling democratic dispensation in Pakistan, saying the country was well poised for Japanese and international investors as an attractive investment destination, especially in the textile sector.

Dar extended invitation to Taro Aso to visit Pakistan on mutually convenient dates.

Earlier in his address at the Business Session of ADB 50th Annual Meeting, the finance minister informed the participants about macroeconomic stability achieved by Pakistan during last four years following successful implementation of a comprehensive structural reforms agenda.



Credit rating agencies, international financial institutions, development partners, think-tanks, independent economists and experts recognised Pakistan's economic turnaround and macroeconomic stability, he said, adding the country's focus was now on inclusive growth.

The minister lauded commitment of ADP President Takehito Nakao in pursuing reforms agenda, contribution towards economic development and poverty reduction in the Asia-Pacific region.