PM pushes for deeper trade with Japan

Shehbaz says Pakistan's labour market competitive for investors

ISLAMABAD:

PM Shehbaz Sharif on Wednesday reaffirmed Pakistan's strong commitment to enhancing diplomatic, economic, and trade relations with Japan, emphasizing the government's commitment to ensuring a safe and secure environment for foreign investments.

During a meeting with Taro Kato, Director General of the Mining & Metals Finance Department at the Japan Bank for International Cooperation (JBIC), in Islamabad, the prime minister noted that cooperation between the two countries in the industrial and trade sectors had remained constructive, and both sides are committed to renewing and expanding their economic partnership.

He assured that Pakistan would provide all possible facilities to Japanese banks and investors to encourage investment in the country.

He also pointed out that international financial institutions and global investors were showing growing interest in Pakistan's economic and development projects, encouraged by the government's investor-friendly policies.

"Pakistan's cost-effective labour market offers a competitive environment for international investors," the prime minister added.

Taro Kato thanked the government and people of Pakistan for their warm hospitality. He expressed a strong desire to further deepen economic cooperation and noted the increasing interest of Japanese investors and banks in Pakistan's economic projects.

Separately, the premier expressed his satisfaction that as a result of the consensus reached during his visit to Belarus, a memorandum of understanding was signed on Wednesday to facilitate the employment of skilled Pakistani workers in different sectors of Belarus.

He said Pakistan and Belarus enjoyed friendly relations which were growing stronger over the time.

The prime minister expressed the views during a meeting with Interior Minister of Belarus Ivan Kubrakov, who along with a delegation, called on him at the Prime Minister's House. (With input from APP)