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Japanese investors keen to enhance investment in Pakistan

Lahore, August 26, 2016 (PPI-OT): Japanese investors are keen to enhance their investment in Pakistan which has potential and resources to become one of the biggest economic powers of Asia.

This was stated by the Managing Director Nikon Competition Japan Naoki Onozato while talking to the LCCI Vice President Nasir Saeed here at the Lahore Chamber of Commerce and Industry on Friday. He said that being a good friend, Japan is particularly focusing Pakistan for technological advancement. In this connection, Nikon in collaboration with Camtronx Pakistan is arranging Nikon classes, seminars, photowalks, tours of renowned Pakistan’s photographers and workshops and also educating the talented students of the colleges and universities about digital photo and video-graphy. He said that Nikon has latest technologies that are being transferred to Pakistan through potential entrepreneurs.

He said that Nikon and Camtronx will continue its endeavours aimed at equip the youth of Pakistan with modern technologies to bring them at par with the day-by-day changing international scenario. He also lauded the efforts of Camtronx Pakistan to inject latest technology to Pakistan’s youth regarding Imaging products and uplift the Pakistan’s Digital Imaging industry up to the mark level. He added Camtronx not only educate students but also educate the Imaging products dealers by arranging workshops, tour and dinner for them. He said that research to identify areas of economic cooperation between Pakistan and Japan can help double the existing trade volume. Chambers of Commerce and Industry of both countries can play an important role in this regard.

The LCCI Vice President Nasir Saeed, while thanking the Managing Director Nikon for visiting the Lahore Chamber of Commerce and Industry, said that Japan is playing a laudable role in economic uplift of Pakistan and striving to deepen mutual understanding through economic exchanges. He said that latest technology of Nikon, Japan has brought a revolution in the fields of photo and video-graphy. He also lauded the Nikon’s initiative to hold seminars and workshop in Pakistan to give awareness and knowledge sharing to the Pakistani entrepreneurs and talented students.

Nasir Saeed said that there is a great scope for establishing joint ventures between business communities of the two countries. He said that Pakistan gives great importance to its relations with Japan as Japan is an important friend of Pakistan. He said that Japan is one of the trillion economies of the world and ranked at third place in the list of GDP-wise largest countries and can play an important role in the economic development of Pakistan.

He said that Japan is a major donor to Pakistan as well as an important trading partner. He said that among the top import and export destinations of Pakistan, Japan comes at 8th and 25thplaces respectively. Moreover, the bilateral trade has been averaging around US$ 2 Billion. The balance of trade heavily favours Japan as Pakistan’s share in two-way trade is just 10%.

Nasir Saeed said that Pakistan has strong economic and commercial ties with Japan but these relations need to be capitalized to attain greater share in Japanese market. He said that for closing the gap in trade balance, some serious efforts are desired to be made.

“The best way for us is to identify the areas where we can cooperate with each other. It goes without saying that the role of Japanese Embassy is of key importance”, he added.

He said that frequent exchange of sector-specific delegations can make the representatives of Japanese private sector explore the opportunities of trade and investment in Pakistan.

He said that Pakistan is struggling to address the energy crisis. There is a huge scope in the field of power sector. We direly need technologies in renewable/alternate energy, solar energy and wind energy etc. He said that it is an era of out-sourcing. Pakistan has been gifted with a large number of labour resources who are educated, skilled and hardworking. He said that Pakistan will welcome any initiative taken to transfer of technology to Pakistan for assembling purposes. It will be beneficial for both the countries. “We seek much more assistance from Japan in order to bring long term peace and prosperity in Pakistan”, he concluded.

For more information, contact:
Shahid Khalil
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
Lahore -54000, Pakistan
Tel: +92-42-111-222-499
Fax: +92-42-36368854
Website: www.lcci.org.pk

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