Japanese keen to invest in food processing, automobile sectors

Mohammad Arshad

The ambassador of Japan Kuninori Matsuda called on the Secretary, Board of Investment (BOI) Fareena Mazhar along with Japanese investors here on Tuesday.

During the meeting, Secretary Board of Investment (BOI), Fareena Mazhar assured the Am-bassador of full support in regards to facilitation of Japanese investment in Pakistan.

The Secretary, while speaking to the Ambassador and other participants highlighted the numerous investment opportunities available to foreign inves-tors in Pakistan.

The ambassador appreciated the secretary and her team for working towards creating a conducive environment for existing and potential investors and expressed interest of Japanese compa-nies for further investment in Pakistan.

He indicated that some Japanese companies are expected to tap Pakistan’s market soon.

While dis-cussing potential investment opportunities with the secretary, Matsuda specifically showed interest in food processing and automobile sectors, which are already the priority sectors of Pakistan in term of incentives.

While addressing concerns of the Ambassador about advance tax, the secretary assured him that she will personally take up the matter with concerned quar-ters and asserted that she was confident this issue will soon be resolved.

During the meeting, both sides underscored the need of bilateral investment, creating mutually beneficial scenarios.

The ambassador of Japan apprised the secretary about a joint dialogue between government and private sector of Pakistan and Japan scheduled for second half of the year.

He also shared that next year will mark the 70th anniversary of diplomatic relations between Japan and Pakistan which will act as an opportunity to further strengthen the already cordial relations between the two countries.

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