World

Pakistan listed among top 20 countries for Japanese companies to invest in

Pakistan Japan relations

WRITTEN BY

3 minutes read

Pakistan has been enlisted in the top 20 countries for business expansion by Japanese countries, according to Japan External Trade Organization (JETRO) The exuberant news was delivered via survey report form JETRO which shows that Pakistan is among the favorite countries for Japanese companies to expand their business through investment.

Japan and Pakistan have agreed to extend their mutual cooperation in bilateral and trade business to build up their bond. The two countries believe that consensual investments can be favorable for both sides.

The Japanese Ambassador, Takashi Kurai, and businessmen have been setting up meetings with higher officers from Federal Board of Revenue, Ministry of Commerce, Economic Affairs Division, and Ministry of Finance to discuss the possibility of trade, merchant and investments.

To improve the business between the two countries, the Japanese auto industry has been invited to cooperate with Pakistan.

President Japan External Trade Organization (JETRO), Yasushi Akahoshi, and higher officers from JETRO, as well as Japanese Ambassador Takashi Kurai called upon Senator Dar to discuss the prospect. Chairman of Board of Investment, Miftah Ismail, also attended the assembly.

The minister informed the Japanese delegation that previously the market situation was disturbed, but the law and order situation has been stabilized in Pakistan due to which investments are more valuable than ever.

To facilitate the business and trade among Pakistan and Japan, visa fee has been lifted for Japanese businessmen so that business flourish among the countries and strengthen their ties, said the Finance Minister of Pakistan, Ishaq Dar.

Senator Dar also held that a Special Economic Zone will soon be established. The zone will facilitate the Japanese companies and JETRO to work mutually in cooperation with Board of Investment (BOI) and seek all possible opportunities the two countries could exploit and benefit from.

Pakistan and Japan have a history of political and business cooperation and they have been deeply honored. When JETRO offered investment in Pakistan, it was highly praised by the minister. It could be a gateway into a new chapter of business corridor among the countries.

President of JETRO acknowledged the government’s efforts for economic development and progress. He also appreciated the government for completing the International Monetary Fund programme.

JETRO has been making efforts day and night to convince Japanese investors and entrepreneurs to explore opportunities in Pakistan, initiate investment and spread their business on Pakistani soil. The efforts of JETRO paid off when Japan Trade Fair was announced to be held in Karachi by the end of 2016.

The Japanese businessmen might be ready to invest in Pakistan but the ultimate decision lies on the provision of suitable infrastructure from Pakistan. We are yet to discover how entrepreneurs from Pakistan will take advantage of this opportunity.