Advisor to Prime Minister on Commerce, Industries, Production and Investment Abdul Razak Dawood, on Friday, sought help from the Japanese government for upgradation of the vehicle testing facility in Pakistan.
“Japan has a very large share in the auto market, Pakistan needs help for its vehicle testing system”, said A. Razak Dawood during a meeting with the Chairman and CEO of Japan External Trade Organization (JETRO) Hiroyuki Ishige visiting Pakistan for one-day, said an official statement.
He also assured him of resolving all issues raised by the CEO and duly facilitate Japanese investment in Pakistan.
JETRO is the trade, investment and technical cooperation promotion arm of the Government of Japan.
JETRO’s Chairman assured that he would communicate Pakistan Government’s request for help in vehicle testing to Japan’s Ministry of Economy, Trade, and Industry.
Ishige briefed the PM’s Advisor about the activities of JETRO related to the promotion of external trade.
He mentioned that an annual survey about active Japanese companies conducted by JETRO showed that the interest of business expansion was always rated very high from Pakistan.
He always wished to visit Pakistan to get first-hand information about the business environment here.
The JETRO Chairman said that during his visit he had a meeting with the Japanese companies operating in Pakistan to inquire about the business environment and about the trade and investment policies.
JETRO recognized that Pakistan continued to play an important role as it drew renewed attention from the world as a junction to Central Asia as well as the Middle East, he said.
He added that Japan realized the economic situation of Pakistan and that the reasons behind the chronic trade deficit were the Rupee depreciation and the depleting foreign exchange reserves.