Advisor to Prime Minister on Commerce, Textiles, Industries, Production & Investment, Abdul Razak Dawood asked help from Japanese government in upgradation of vehicle testing facility in Pakistan. The Chairman & CEO of Japan External Trade Organization (JETRO), Hiroyuki Ishig met with the Advisor.
JETRO is the trade, investment and technical cooperation promotion arm of the Government of Japan. Hiroyuki Ishige is on a one day visit to Pakistan. As the Chairman of JETRO, this is his first visit.
During the meeting, Abdul Razak Dawood assured the JETRO chairman to resolve all issues raised by him and facilitate Japan in investment.
“Japan has very large share in auto market, Pakistan needs help in vehicle testing system” Razak added.
JETRO Chairman assured that he will transfer Pakistan’s request to the Ministry of Economy, Trade and Industry METI, government of Japan. Ishige talked about the activities of JETRO in his briefing.
He mentioned that in the survey of active Japanese companies that JETRO carries out every year, the interest of business expansion was always rated very high from Pakistan and he always wished to visit Pakistan to get firsthand information about business environment here.
During his visit he met the Japanese companies working in Pakistan to inquire about the business environment and conditions. JETRO recognizes that Pakistan continues to play an important role as it draws renewed attention from the world as a node point to Central Asia as well as the Middle East.
He added that Japan realizes the economic situation of Pakistan and that the reasons behind the chronic trade deficit are the rupee depreciation and the depleting foreign exchange reserves.
However, JETRO feels that with the increasing working age population of Pakistani society and the increasing consumption orientation, innovation will play a significant role in Pakistan.
Both sides assured of cooperation in the future and the meeting ended on a highly promising note.