‘Japanese investors coming to Pakistan from India’
LAHORE: Japanese Ambassador to Pakistan Hiroshi Oe on Thursday said many
big Japanese investors were seriously planning to make investment in
Pakistan as they were facing problems because of strong workers union
culture in India.
Speaking at the Lahore Chamber of Commerce and
Industry, he said the business environment in Pakistan was far better
and it was a safer place as far as working conditions were concerned.
The economy and infrastructure development are the priority areas and Japan government is focusing on them.
government has hosted investment seminars for Pakistan to further
strengthen bilateral relations. Japanese businessmen are being motivated
for establishing business with their counterparts in Pakistan.
said Japan would continue to provide financial and technical assistance
to Pakistan, as we believed this country has a great potential for the
There are spectacular development and investment
opportunities in various fields as few countries are gifted with natural
resources, he said.
Pakistan is facing difficult challenges,
which will be over soon, he added. We will continue to strive to deepen
mutual understanding through economic, educational, cultural and
political exchanges, he added.
There is wide scope of
establishing joint ventures between business communities of the two
countries. He said negative perception was a problem for Pakistan and it
should be tackled on urgent basis.
Embassy in Pakistan is ready to grant visas to genuine businessmen who fulfill all requirements and recommendation of LCCI.
President Farooq Iftikhar said Japan, third biggest and one of the
trillion dollar economies of the world was an important trading partner
of Pakistan as well as a major donor.
He said availability of
inadequate trade-related data was one of the hurdles in the way of
expansion of trade between two countries.
Export potential of
Pakistan is great which may be shared with Japanese businessmen and
investors. Frequent exchange of sector-specific delegations can make the
representatives of private sectors explore the opportunities of trade
and investment in Pakistan, he added.
The share of Japan in
Foreign Direct Investment in Pakistan is very low despite the fact the
country has a unique standing in terms of its strategic location and
countless investment opportunities.
There is huge scope in the
field of power sector as Pakistan is in dire need of technologies in
renewable/alternate energy, solar energy, wind energy etc.
like Japan International Cooperation Agency in social sector and Japan
External Trade Organisation in promotion of trade and investment have
played great role in Pakistan but more assistance was needed in order to
bring long-term peace and prosperity in Pakistan.
of Pakistan to Japan consist of cotton yarn, petroleum oils, woven
cotton fabric, vegetables, electro-medical apparatus, leather, leather
garments, carpets and sports goods etc.
The main imports from
Japan are cars, vessels and other floating structures, products of iron,
trucks, parts and accessories of motor vehicles, textile machinery and