Japanese companies asked to explore setting up JVs in Pakistan

Staff Reporter

Sardar Yasir Ilyas Khan, President, Islamabad Chamber of Commerce & Industry (ICCI) said that Pakistan was a vibrant market for business and investment and Japanese companies should explore the possibilities of setting up JVs to manufacture automobiles, mobile phones, IT, electronic and other products in Pakistan.

He said that Pakistani people have great trust and confidence in the quality of Japanese products and by manufacturing in Pakistan where labour was quite inexpensive, Japanese companies would get immediate penetration in domestic market and boost their exports to many other countries.

He said that the current volume of bilateral trade between Pakistan and Japan was not reflective of the real potential of both countries and both should focus on developing strong business linkages between their private sectors to further improve it.

He said this while exchanging views with ISHII Kensuke, Counsellor, Embassy of Japan during his visit to ICCI along with Kuwamura Akinobu, First Secretary.

Abdul Rehman Siddiqui, Muhammad Shakir, Muhammad Saeed Khan, and Hafiz Bilal Munir, Executive Board Members of ICCI were also present at the occasion.

Sardar Yasir Ilyas Khan said that Japan should consider technology transfer to Pakistan, share technical know-how and cooperate in capacity building to enhance the export competitiveness of Pakistan.

He said that Japanese companies should take advantage of the business opportunities in investor friendly Special Economic Zones of Pakistan.