‘Pakistan will fully facilitate Japanese investment’

Naveed Ahmad Khan
ISLAMABAD: The ambassador of Japan to Pakistan, Kuninori Matsuda called on the Secretary, Board of Investment (BOI) Ms. Fareena Mazhar along with Japanese investors here on Tuesday. During the meeting, Secretary Board of Investment (BOI), Ms. Fareena Mazhar assured the Ambassador 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 investors 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 companies for further investment in Pakistan. He indicated that some Japanese companies are expected to tap Pakistan’s market soon. While discussing potential investment opportunities with the secretary, Mr. 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 quarters 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.