Japan urges consistency in policies

83 Japanese companies were operating in Pakistan including Toyota and Suzuki Motors, Consul General says

KARACHI: Japanese companies are interested in investing in Pakistan but are hesitant because of frequent policy changes especially in relation to taxation and tariffs. Continuity of economic policies is must to attract foreign investors. Investors come with their long-term business plans and it becomes a hassle for them when new taxes are levied or the existing ones are increased, Japan Consul General Toshikazu Isomura said while talking to a group of journalists at Beach Luxury Hotel. The Japanese government and investors are keenly watching Pakistan’s political developments and expect stability after the general elections, which is vital for promoting economic activities. He informed that 83 Japanese companies were operating in Pakistan including Toyota and Suzuki Motors. He said that in Pakistan the yearly demand for vehicles was around 0.3 million. Of these, 0.2 million were being produced in Pakistan and 0.1 million were imported from Japan.  

Published in The Express Tribune, June 26^th, 2018.

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