Published On: Sat, Dec 5th, 2020
Published in Category: Islamabad

Japan envoy visit BOI to explore areas of investment opportunities in Pakistan

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Islamabad: Ambassador of Japan to Pakistan Kuninori Matsuda on Friday visited Board of Investment and met with Minister of State Atif R .Bokhari to discuss and explore the key areas of investment opportunities available in Pakistan.

The Minister of State highlighted the investment potential and opportunities available for Japanese investors / companies in Pakistan.

During the meeting Japanese businesses in Karachi were discussed.

The BOI chairman suggested that Japan may like to be involved in Karachi Redevelopment Plan. In this regard, upgrading the existing system of Water supply Management, improving transport amenities like Karachi Circular Railway, Keamari to Pipri rail line are opportune for investment.

Kuninori Matsuda stated that they are already looking into development of Water Supply System of Faisalabad and may consider it in Karachi as well.

Pakistan’s Fisheries sector was especially highlighted, and the Japanese ambassador stated that their government and private sectors would be urged to invest in fisheries industry of Pakistan. He said that they are already working on fisheries project like the Korangi fish harbour project.

He conveyed intention of further expanding the Japanese Auto-Industry and Textile Industry investments in the country. The Chairman said that Japanese auto Industry Standardization in Pakistan may be brought up to next level.

During the meeting Pharmaceutical Sector was also discussed and, the honourable Chairman noted that currently Active Pharmaceutical Ingredients (API’s) are mainly imported from India and China, however, Japanese pharma companies could cooperate with Pakistani counterparts in development of active pharmaceutical ingredients for medicines.

He also showed interest in Agriculture and Food processing sectors. He highlighted that Pakistani agriculture items like Mangoes, basmati and dates are already being exported to Japan, however due to great travel distance; processing standards of these products can be improved.

H.E apprised that the city of Osaka is a center of business clusters and small/medium industry in Japan, however, a commercial consulate/government liaison body from Pakistan is not available there. He remarked that an office there can improve the cooperation between both countries. The honourable Chairman acknowledged and stated that BOI may coordinate with Ministry of Foreign Affairs with respect to the proposal.