Japan pledged to increase the amount of money it invests in Pakistan and voiced trust in the country’s pro-business policies.
The statement was made at a meeting between Prime Minister Shehbaz Sharif and a high-level Japanese business group.
On this occasion, the prime minister emphasised how important it is to continue advancing the two nations’ long-standing trade and investment connections in a variety of fields.
The prime minister asked Japanese businesses to fully capitalise on Pakistan’s automobile industry by showcasing its enormous investment potential and utilising their most advanced technologies. He stated that a committee established for this purpose will find a solution to the issues Japanese businesspeople and industrialists are facing as they grow their operations in Pakistan in less than a week.
On this occasion, the Japanese delegation stated that Pakistan’s exports will rise and investors’ trust will be bolstered by the current government’s investment-focused policies.
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The prime minister was notified by Wada Mitsuhiro, the Japanese ambassador to Pakistan, who was going with the entourage, that a group of twenty prominent Japanese businesses will be coming to Pakistan in July.
In terms of advancing commerce and investment between the two nations, he believed that this would prove to be a turning point.
As a massive investment is anticipated from KSA, the prime minister expressed optimism that the visit of a Saudi delegation led by its Deputy Minister for Investment will be positive for the future of the economy of the nation while presiding over a meeting of the federal cabinet.
He claimed that the leader of the Saudi delegation was grateful for the cabinet members’ preparation and resolve during the investment conference.
The prime minister praised the role that the cabinet members—particularly the secretaries and those in charge of finance, commerce, and petroleum—played during the investment conference between Saudi Arabia and Pakistan. He expressed his faith that they will keep working for a better future for the nation with the same dedication.
The signing of the Memorandum of Understanding between Pakistan and Colombia for the creation of a joint trade committee was approved by the Federal Cabinet.
Additionally, Air Sial’s flight operations to China, Malaysia, Sri Lanka, Thailand, Turkiye, the United Kingdom, and Kuwait were approved by the Cabinet.
In accordance with the Air Services Agreement and National Aviation Policy 2023, this approval has been given.
Additionally, at the previous cabinet meeting on the 30th of last month, the Cabinet approved the decisions made by the Cabinet Committee on Projects Associated with Chinese Investment.