Abdul Razak Dawood Invites Japanese Investors For Investment In IT, SMEs

Adviser to Prime Minister on Commerce, Textiles and Investment Abdul Razak Dawood Monday invited Japanese companies to look into the Information Technology (IT) Sector, Small and Medium Enterprises (SMEs), and agriculture value chains for investment.

ISLAMABAD, (UrduPoint / Pakistan Point News - 10th Dec, 2018 ) :Adviser to Prime Minister on Commerce, Textiles and Investment Abdul Razak Dawood Monday invited Japanese companies to look into the Information Technology (IT) Sector, Small and Medium Enterprises (SMEs), and agriculture value chains for investment.

Addressing a seminar titled "Trade and Investment Opportunities in Pakistan" here, the Adviser said there were 86 Japanese companies already working in Pakistan out which few were willing to expand their investments while some new ones were also entering the Pakistani market.

The seminar was jointly organized by Japan External Trade Organization (JETRO), METI, Pakistan's Ministry of Commerce and Textiles and the Embassy of Pakistan in Japan, said statement issued by JETRO here.

He said that Pakistan as the first in terms of business growth expectation, profitability and local employment.

While highlighting Pakistan's economic credentials like positive macro- economic trends, growing potential of the local market, vibrant demography, low productivity costs, availability of rich natural resources and a liberal investment regime, the Adviser underscored the importance of furthering trade and investment relations between Japan and Pakistan.

He added that out of all the G-7 countries, Pakistan had a long standing trade and investment relationship with Japan and that there was a need to build upon the reserve of historical linkages, goodwill, understanding and respect for brand Japan in Pakistan.

Adviser also elaborated the economic agenda of the new government under the leadership of Prime Minister Imran Khan and how it was determined to overcome the current economic challenges through peace oriented, investment friendly, development focused and people centered strategies.

Adviser while underscoring that the balance sheets of Multi National Corporations in Pakistan itself reflect that they are making profits, invited Japan businesses to explore the huge opportunities in trade and investment in Pakistan.

He said that Pakistan's massive investment in infrastructure projects with the potential to make Pakistan a regional hub for trade and investment was highlighted.

Adviser underlined that Pakistan had graduated from its traditional sectors of textile and leather to the export of engineering goods.

He called for taking advantage of Pakistan's strategic location for exports to the middle East, Africa and Central Asia.

President of JETRO,Mr.Yasushi Akahoshi,followed by Parliamentary Vice Minister of METI, Akimasa Ishikawa made the opening remarks.

Chairman, Japan-Pakistan Business Cooperation Committee ,Teruo Asada, also delivered a speech on trade and investment cooperation between the two countries.

The seminar also included other presentations by Pakistan and Japanese speakers.