Minister: ( Dar apprises Japanese envoy about outcome of his visit)

ISLAMABAD: Japanese Ambassador Hiroshi Inomata paid a courtesy call on Federal Minister for Finance, Senator Mohammad Ishaq Dar here on Tuesday.

The Minister shared with the Japanese Envoy, outcome of his meetings with Japanese leadership, CEOs of prominent companies and other important personalities during his just concluded visit to Japan, said a statement issued here.

He mentioned about Toyota Motors plans for enhanced investment and Yamaha’s future venture for launching a modern motorcycle plant in Pakistan on April 27.

Dar at the same time also appreciated Japanese government’s intent to invest Yen equivalent of USD 850 million in the Lakhra coal power project. The Minister said, he had briefed the Japanese leaders and CEOs of various companies about the turnaround in Pakistan’s economy which had been possible through a sustained reforms agenda.

He said marked recovery in its economy had enlivened the interest of Japanese companies to invest in Pakistan. He added that during meetings with their senior officials JICA and JBIC expressed renewed interest to invest in Pakistan.

He thanked the Japanese Ambassador for facilitating the visit which helped in apprising Japanese leadership about the opportunities for prospective investors.

Mr Inomata conveyed to the Minister gratitude of the Japanese leadership for undertaking this visit, which he said would serve as a new beginning in bilateral economic cooperation. He said that invitation to the Japanese Prime Minister to visit Pakistan was being accorded active consideration.

He affirmed strong interest of the Japanese side to invest in the Lakhra coal project. He also informed the Minister that on Tuesday he would be signing with EAD, grant agreements on two projects i.e Energy Saving in Water Supply System in Lahore and Improvement in security systems at Port Karachi and Port Qasim. (The ceremony would be held in the Ministry of Finance in the presence of the Finance Minister,Ishaq Dar).

He hoped that the momentum for enhanced engagement that had been created with the Finance Minister’s visit to Japan would be maintained in future.

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