Further room exists for Japanese investment in Pakistan: official

October 05, 2022

Syed Marwan Shah

Japanese businesses have recently made significant investment in Pakistan’s automobile, steel, chemicals, food, and other sectors.

However, there is still much room for further expansion of investment in the auto, renewable energy, electronics, food processing, and engineering sectors, said Asad Rehman Gilani, Secretary of Board of Investment (BoI) Pakistan.

He made the remarks while speaking at Pakistan-Japan Trade and Investment Seminar jointly organized by the BoI and Japan External Trade Organization (JETRO) in Islamabad to enhance business and trade cooperation in various sectors.

A BoI spokesperson informed WealthPK that the seminar included sectoral business-to-business (B2B) and plenary sessions which provided a platform for prominent Japanese companies to hold detailed interactions with their Pakistani counterparts in sectors of interest, including auto, engineering, banking, information technology, minerals, chemicals, energy, services, pharmaceuticals, agriculture, food processing, construction, textile, and manufacturing.

An audience of more than 300 businesses and government dignitaries attended the event. The Japanese delegation was led by Parliamentary Vice Minister of the Ministry of Economy, Trade, and Industry (METI) of Japan, who was in Pakistan to attend the 7th Session of the Pakistan Japan Government Business Joint Dialogue (PJGBJD). The official delegation was accompanied by Japanese businessmen of leading companies in various sectors.

Asad Rehman Gilani said at the seminar that Pakistan attaches high precedence to its friendly relations with Japan. He appreciated the contributions of all Japanese companies working in Pakistan to the economic development of the country, especially Honda, Toyota, Suzuki Motors, Nutrico Morinaga, NEC corporation, and many others.

Federal Minister for BoI and Special Initiatives Chaudry Salik Hussain said the signing of a mutually beneficial memorandum of understanding (MoU) between the BoI Pakistan and JETRO would realize the joint vision of enhancing investment cooperation between Pakistan and Japan.

Jamil Ahmad Qureshi, Director General of Investment Promotion, BoI, delivered a detailed presentation on investment opportunities in Pakistan in relevant sectors of interest, including the special economic zones (SEZs).

Credit : Independent News Pakistan-WealthPk