ISLAMABAD: President, Islamabad Chamber of Commerce and Industries (ICCI) Sardar Yasir Ilyas Khan has said that Pakistan is a vibrant
market for business and investment and Japanese companies needed to explore
the possibilities of setting up JVs to manufacture automobiles, mobile
phones, IT, electronic and other products in Pakistan.
He said, “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.”
The ICCI President 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.
Sardar Yasir Ilyas said this while exchanging views with Counsellor Embassy
of Japan, ISHII Kensuke during his visit to ICCI along with First Secretary
Kuwamura Akinobu. Abdul Rehman Siddiqui, Muhammad Shakir, Muhammad Saeed
Khan, and Hafiz Bilal Munir, Executive Board Members of ICCI were also
present at the occasion.
The ICCI President 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.
He said that Japanese cooperation in value addition of agriculture products,
fisheries, textiles, food processing, and ICT would help Pakistan in
improving exports. He said that Pakistani agro products including mangoes,
rice, fisheries and many other products could find a good market in Japan.
He said that ICCI was ready to conduct the visit of the Ambassador of Japan
to various local industries to show him the export potential of Pakistani
products.
ISHI Kensuke, Counsellor, Embassy of Japan thanked Sardar Yasir Ilyas Khan,
President ICCI for sharing useful ideas to further enhance bilateral trade
and economic relations between Pakistan and Japan.
He acknowledged Pakistan’s geo-economic location with its connectivity potential as an
export destination for Japanese goods and services for the Pakistan market
and also to the wider region. Both sides reaffirmed their commitment to work
for enhancing the mutually beneficial trade and economic cooperation in
diverse fields between Pakistan and Japan.
Abdul Rehman Siddiqui, Muhammad Shakir, Muhammad Saeed Khan, and Hafiz Bilal
Munir, Executive Board Members of ICCI also offered useful suggestions for
further enhancing trade relations between the two countries. (With input from INP)
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