ISLAMABAD: The Japanese government has decided to restore loan programme for Pakistan and it intends to release 5 billion yen loan for the energy sector reform in near-future.

Ambassador of Japan, Hiroshi Inomata held a meeting with Finance Minister Ishaq Dar here on Tuesday and assured that Japan fully supports the reforms programme and economic policies undertaken by the government and looks forward to renew its economic relations with Pakistan.

The Japanese envoy congratulated the finance minister on the successful roadshows and the launch of ‘Eurobonds’ worth $2bn in the international financial market.

mbassador Inomata appreciated that all the economic indicators of the country were showing positive development and were a sign that the country is moving fast on the road to prosperity.

Dar informed the envoy that as a result of structural reforms the economy has started to show positive results. He said tax collection, GDP growth rate and foreign exchange reserves were moving up while the rate of inflation was going down.

The minister informed that Pakistan was working on a model where private sector takes the lead and it is high time for our friendly countries like Japan to get benefit from investor-friendly atmosphere of Pakistan.