Prime Minister Shehbaz Sharif Invites Japanese Companies To Invest In Pakistan
Fahad Shabbir (@FahadShabbir) Published June 01, 2023 | 08:26 PM
Minister Shehbaz Sharif Thursday said Pakistan considered Japan as an important partner for its progress and prosperity and Japanese companies should avail the immense opportunities for investment in Pakistan
ISLAMABAD, (UrduPoint / Pakistan Point News - 1st Jun, 2023 ) :Prime Minister Shehbaz Sharif Thursday said Pakistan considered Japan as an important partner for its progress and prosperity and Japanese companies should avail the immense opportunities for investment in Pakistan.
The PM was speaking to President Toyota Asia Yoshiki Konishi and Chief Executive Officer of Indus Motors Ali Asghar Jamali who called on him here.
Japan's Ambassador to Pakistan Mitsuhiro Wada, Vice Chairman Toyota Indus Motors Shinji Yanagi, Minister for Finance Ishaq Dar, Minister for Industries and Production Makhdoom Murtza Mehmood, Advisor to PM Ahad Cheema, Special Assistants to PM Jehanzeb Khan and Tariq Bajwa and high ranking officials attended the meeting.
In a briefing, the prime minister was told that Toyota Indus Motors for the first time established a unit for the production of hybrid vehicles in Pakistan with an investment of $100 million.
PM Shehbaz Sharif welcomed the project of Toyota to produce hybrid vehicles in Pakistan.
The production of hybrid vehicles in Pakistan would decrease the import bill resulting in saving of precious foreign exchange, he said adding the government was providing all available facilities to the industries for investment in modern technologies in the country.
The Japanese ambassador said leading Japanese companies were desirous of further investment in Pakistan.
During the briefing, it was told that in the current year from July,Toyota Indus Motors would start export of spare parts of vehicles and these exports would make Pakistan a part of the global supply chain.
The prime minister said exports of spare parts should be enhanced by taking benefit of the capacity of the engineering sector in the country. He said it should be ensured that the spare parts for the vehicles to be sold in Pakistan should be manufactured locally.
The participants of the meeting lauded the prime minister for his government's business-friendly policies.
Related Topics
Recent Stories
Azam Khan likely to miss T20I series against Kiwis due to discomfort in right kn ..
Badar Shahbaz Warraich appointed as PM’s media coordinator
Finance Minister rules out rupee devaluation in talks with IMF
National team determined for good performance against New Zealand: Babar Azam
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 18 April 2024
Today Gold Rate in Pakistan 18 April 2024
Saka and Odegaard start for Arsenal, Guerreiro in Bayern midfield
Qatar PM says re-evaluating Israel-Hamas mediation role
Govt spokesperson terms allegations of PTI's Marwat against Saudi Arabia 'heinou ..
Minister appreciate UAE’s support for Pakistan economic challenges
Manchester City v Real Madrid Champions League starting line-ups
MIGA's support Pakistan in attracting foreign investments: Federal Minister for ..
More Stories From Pakistan
-
Progress reviewed on development initiatives in South Waziristan Lower
18 minutes ago -
PHC Bar Association calls PTI leader Mishaal on April 20
18 minutes ago -
DC Sukkur visits SRSO complex Sukkur
18 minutes ago -
7 injured in road accident
18 minutes ago -
Woman,son died in hospital
19 minutes ago -
Tarar for enhanced collaboration between public, private sector to ensure rapid economic development
19 minutes ago
-
18 hotel owners apprehended for violating fixed prices of roti, naan
19 minutes ago -
UAJK to host 42nd Pakistan Congress of Zoology
29 minutes ago -
Man shot dead
29 minutes ago -
Muneer Khan's political shift not aligned with party policy, asserts JKNF spokesman
49 minutes ago -
ICCI pledges to have a female president soon
49 minutes ago -
Women’s role in country’s development lauded
49 minutes ago