Islamabad, March 17, 2014 (PPI-OT): H. E. Mr. Hiroshi Inomata, Ambassador of Japan to Pakistan, called on Finance Minister Senator Mohammad Ishaq Dar at the Ministry of Finance this morning to discuss bilateral economic co-operation between the two countries.
The Finance Minister informed the Ambassador that as a result of structural reforms and measures introduced by the present government the economy has started to show positive results. He said tax collection, GDP growth rate and foreign exchange reserves are moving up and the rate of inflation is going down. He mentioned that due to confidence in Pakistan’s economic policies Japan External Trade Organization (JETRO) has ranked Pakistan second in the world in terms of business growth.
He said that if the survey is any guide then the Japanese companies should expand their business in the country. He added that, instead of aid or loan, the Government would welcome foreign direct investment from friendly countries including Japan. He assured the Ambassador that Japanese investors will be facilitated to invest in Pakistan where huge investment opportunities are available.
The Japanese Ambassador said that Japan fully supports the reforms program and economic policies undertaken by the present government and looks forward to renew its economic relations with Pakistan. The Japanese Ambassador said that a delegation of Japanese Businesspersons would visit Islamabad, Lahore and Karachi next month to explore avenues of co-operation. He hoped that the visit will help improve trade relations between the two countries
The meeting was also attended by Dr. Waqar Masood, Finance Secretary, Ms. Nargis Sethi, Secretary Economic Affairs Division and senior officials of the Finance Ministry.
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