Japan Plans to Improve & Diversify Auto Sector in Pakistan – Research Snipers

Japan Plans to Improve & Diversify Auto Sector in Pakistan

A foreign Japanese envoy confirmed that the Japanese government is interested in diversifying and improving Pakistan’s export and automobile sector.

Japan Ambassador Takashi Kurai said, “The Japanese government has plans to support the government of Pakistan in export promotion, improvement of security through the provision of security equipment at the airports and diversification of automobile industry.”

Kurai talked to Rana Afzal Khan the Minister of State for Finance. Rana Afzal Khan said that Pakistan has high regard for their relationship with Japan. He said, “Economic cooperation between the two countries would be brought to a much higher level with the passage of time.”

Khan told the Japanese ambassador that Pakistan needs assistance in the promotion of its textile products in Japan. He further informed Kurai that Pakistan provides many opportunities for investors from Japan to invest in different sectors of Pakistan including tourism, processing and seafood packaging, halal food and its export.

He said, “Japan can invest in these sectors and bring in her technology and sanitary and phytosanitary standards with the investment.”

Kurai invited the minister to attend the Expo 2025 that will be held in Kazakhstan. He said,  “Joint government business dialogue process between the two countries should be revived for the benefit of both the countries.”

The truth is that the car assemblies from Japan, Suzuki, Honda, and Toyota are dominating Pakistan’s auto sector but now the whole situation is changing. International auto companies are interested to invest in Pakistan. Foreign companies are collaborating with local firms in Pakistan to set up their new plants and introduce cars in Pakistan as per the consumer demands. In the first half of the fiscal year 2017-18, the car sales have gone up by 20% and 100,000 units have been sold.

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