Japanese investors keen to relocate industry to Pakistan: envoy

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ISLAMABAD: Ambassador of Japan to Pakistan Matsuda Kuninori said on Wednesday the Japanese investors were looking to relocate their industry from elsewhere to Pakistan.

He was talking to Planning, Development and Special Initiatives Minister Asad Umar at the planning ministry.

The ambassador said his embassy was encouraging Japanese investors to look at investment opportunities in the auto parts sector, building on the Japanese experience in the auto manufacturing sector of Pakistan.

Appreciating the envoy’s efforts for enhancing economic cooperation, Asad Umar said the government initially focused on micro-economic stability, which had been achieved and now it was focusing on boosting the economic growth.

He said the country’s economic indicators were showing a positive trend, adding that the government wanted to increase development expenditures and private sector investment.

He said the privatisation programme was also being revived.

The minister said that the Pakistani and Japanese businessmen could explore possibilities of collaboration in various sectors such as fisheries, agriculture and textiles.

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

The ambassador expressed his desire to further enhance cooperation between the two countries and to help ensure that common objectives were met.

He congratulated the minister on the government‘s skilful handling of the Covid crisis, which had regulated in containing the pandemic to a large extent.

“The government departments have shown exemplary coordination with the provincial governments. Japanese nationals are now returning to take up various assignments in Pakistan after the Covid-enforced break,” he added.

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