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Japanese envoy calls on Wattoo

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ISLAMABAD: Pakistan is strategically located at a regional hub with abundant land and natural resources, strong human resources, large and growing domestic market which offer tremendous investment opportunities to countries like Japan. This was said by Mian Manzoor Ahmad Wattoo, Advisor to the Prime Minister/Minister for Industries, Production and Special Initiatives in a meeting with Ambassador of Japan Mr. Seiji Kojima who called on him on Wednesday.

Manzoor Wattoo further said that Japan is one of the leading donor countries giving economic aid to Pakistan and it has played an important role in Pakistan’s development through economic and technical assistance thereby promoting strong economic and political relations between the tow countries. “We want Japan to bring more investment in Pakistan”, said Mr. Wattoo.

Manzoor Wattoo said that Gawadar Port is an ideal location, where Japan can explore the possibility of investment in the fields of petrochemicals, heavy engineering, food processing, metal works, steel products and other export-oriented industries. Export Processing Zone Authority (EPZA) of Pakistan offers attractive incentives/facilities for investment in EPZs. Investment from Japanese investors is welcome where they can set up their own exclusive country zone in Pakistan.

He also emphasized that as Pakistan’s economy is developing, we need more market access in Japan in the areas where Pakistan has the potential to collaborate in terms of technology tie-ups, co-manufacturing, co-financing and co-export. The Ambassador told that they were already cooperating with SMEDA (Small and Medium Enterprises Development Authority), a subsidiary of Ministry of Industries and Production on various SME projects.

He further told that Japan is concentrating rating on development of infrastructure in Pakistan. The Ambassador also informed that Japanese Company, YKK, is setting up two plastic mould centers one in Karachi and one in Lahore.-SANA

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Rubab Saleemhttp://www.rubabsaleem.com
Rubab Saleem is Editor of Pakistan Times
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