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PM Shehbaz invites Japanese companies to invest in auto industry

PM Shehbaz invites Japanese companies to invest in auto industry

Web Desk May 07, 2024 Add Bol News as a trusted source

ISLAMABAD: Japan has expressed confidence in Pakistan's business friendly policies and has vowed to enhance its investment portfolio in the country.

The expression was made during meeting of a high level Japanese business delegation with Prime Minister Muhammad Shehbaz Sharif in Islamabad today.

The Prime Minister underscored the need to further promote the decades-long trade and investment ties between two countries in different sectors.

Highlighting the vast potential for investment in the automobile industry of Pakistan, the Prime Minister invited Japanese companies to take full advantage of it with their best technology.

He said problems faced by Japanese industrialists and businessmen expanding their businesses in Pakistan will be resolved within a week through a committee formed for this purpose.

On the occasion, the Japanese delegation said the investment focused approach and measures taken by the incumbent government of Pakistan will enhance investors' confidence and increase the country's exports.

Japanese Ambassador to Pakistan who was accompanying the delegation, Wada Mitsuhiro informed the Prime Minister that a delegation of 20 well-known Japanese companies will visit Pakistan in July this year.

He said this will prove to be a milestone for the promotion of investment and trade between two countries.

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