Pakistan seeks Japan support to boost exports

Both countries discuss areas of cooperation for economic development

ISLAMABAD:

Pakistan has requested Japan's cooperation in expanding exports from Islamabad to Tokyo for the correction of trade imbalance between the two countries.

During the 7th Japan-Pakistan High-Level Economic Policy Dialogue held virtually on Friday, Japan asked Pakistan to further improve its investment environment to promote investment.

Senior Deputy Minister for Foreign Affairs of Japan Suzuki Hiroshi highlighted that Pakistan was the largest recipient of Japanese grant aid throughout the world in the current fiscal year.

Speaking on the occasion, Ambassador of Japan to Pakistan Matsuda Kuninori said, "It was a pleasure to have this dialogue during this difficult situation due to Covid-19 and it proved the strength of cordial relations between our countries."

Representatives of both countries reviewed the current status of bilateral economic relations and reaffirmed their commitment to enhancing the mutually beneficial economic cooperation in diverse fields.

Japan acknowledged Pakistan's geo-economic location with its connectivity potential and a hub for transit trade in the region, which could prove an attractive destination for Japanese investors.

To enhance bilateral economic cooperation, specific discussions took place to bridge the trade deficit.