Pakistan will fully facilitate Japanese Investment, Basharat Raja

Islamabad: Ministry of Industries looks forward for mutually beneficial investment and for promoting Japanese investment in Pakistan, Advisor to Prime Minister on Industries said during a meeting with a delegation of Japan International Cooperation Agency (JICA).

He further remarked that, through mutual coordination, we will search ways for promoting development and generating job opportunities in Pakistan. He assured the delegation of full support and cooperation of the Ministry.

Muhammad Basharat Raja, Advisor of the Prime Minister on Industries, held a meeting with a delegation of Japanese Donor Agency, JICA, here in the Ministry of Industries Islamabad on Monday.

Mr. Masao Nagase, JICA special Advisor to BOI, briefed the Advisor about the challenges and opportunities for investment in Pakistan. He opinioned that Pakistan has huge potential for investment and Japanese are already engaged in many investment projects in Pakistan.

However, Mr. Nagase pointed out a few problems and challenges that the Japanese investors have to face in Pakistan. He indicated that security of the investors is the most serious problem.

In addition to it, infrastructure development; better logistics and minimum power outages need to be ensured by the Government of Pakistan, he further observed.

In reply to the reservations raised by the delegates, the Advisor ensured them that the Ministry will seriously consider and try to resolve their problems at the earliest.

“We appreciate the concerns and reservations put forward by you”, Muhammad Basharat Raja commented. In this regard, he added, the Ministry has already forwarded a draft of new “Industrial Policy” to the Cabinet.

He assured the delegates that the Ministry will try to minimize the hurdles, as much as possible. We will make it sure that the policies and decisions taken in this regard will be implemented without undue delays.

Among others, the Secretary of the Ministry of Industries & Production, Mr. Aziz Ahmad Bilour and Chairman EPZA Mr. Aftab Ahmed Memon also attended the meeting and replied to the questions of the delegates. In the end, Muhammad Basharat Raja thanked the delegates.

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