Japanese investors keen to relocate to Pakistan

Envoy says embassy encouraging investors to invest in auto parts sector

ISLAMABAD:

Japanese investors were looking to relocate their industries from different countries to Pakistan, said Japan Ambassador Matsuda Kuninori on Wednesday.

During a meeting with Minister for Planning, Development and Special Initiatives Asad Umar, the ambassador said the Japanese embassy was encouraging Japanese investors to look at avenues of investment in auto parts sector by building on the Japanese experience in the auto manufacturing sector of Pakistan.

Appreciating the efforts of the ambassador for enhancing economic cooperation, Umar said Pakistan government initially focused on macroeconomic stability, which was achieved, and now it was focusing on boosting economic growth.

He said economic indicators were showing a positive trend and the government wanted to increase development expenditure and private sector investment. He shared that the privatisation programme was also being revived.

The minister said Pakistani and Japanese businessmen could explore possibilities of collaboration in varying areas such as fisheries, agriculture and textile.

During the meeting, it was agreed to organise a forum in the near future to discuss such opportunities.

The ambassador expressed the desire to further enhance cooperation between the two countries and to ensure that common objectives were met. The Japanese envoy congratulated the minister on the government’s skillful handling of the Covid-19 crisis, which had been able to contain the pandemic to a large extent.

He said government departments had shown exemplary coordination along with provincial governments. He added that Japanese nationals were now returning to take up various assignments in Pakistan after the Covid-enforced break.

Published in The Express Tribune, September 3^rd, 2020.

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