RAWALPINDI: Japan Ambassador Hiroshi Inomata on Monday said poor security situation in Pakistan was main hurdle to Japanese investment.

Besides, high rate of import duty deters Japan from importing textile from Pakistan, he said while addressing the members of Rawalpindi Chamber of Commerce and Industry.

“Japan is the world’s largest importer of textile and prefers Sri Lanka and India with relatively low ratio of taxes,” he stated.

RCCI President Syed Asad Mashadi, Vice President Saboor Malik, former presidents Sohail Altaf, Shimail Daud, members of executive committee and other members of the Chamber were also present on the occasion.

The envoy said that Japan was keen to enhance bilateral trade with Pakistan and would support every activity which would be initiated in this regard.

He said Japan would assist Pakistan in boosting trade.

He said that Japanese companies were already working in health, education and energy sector of Pakistan and mutual cooperation would be enhanced in future.

Speaking on the occasion, the RCCI President Syed Asad Mashadi said that Japan must transfer technology to Pakistan and increase its investment in the country.

He said trade volume between the two countries was around $2 billion and it is need of the hour to take solid steps to boost the business activities between the two countries.

He said that RCCI trade delegations would participate in two exhibitions being held in Tokyo this year to promote direct interaction between business communities of both countries.

Published in Dawn, February 17th, 2015

On a mobile phone? Get the Dawn Mobile App: Apple Store | Google Play

Opinion

Editorial

Elections in India
Updated 21 Apr, 2024

Elections in India

Independent accounts and spot reports are at variance with Modi-friendly TV anchors and they do not see an easy victory for the Indian premier.
IHC letter
21 Apr, 2024

IHC letter

THIS is a historic opportunity for the judiciary to define its institutional boundaries. It must not be squandered....
Olympic preparations
21 Apr, 2024

Olympic preparations

THIS past week marked the beginning of the 100-day countdown to the Paris Olympics, with the symbolic torch-lighting...
Isfahan strikes
Updated 20 Apr, 2024

Isfahan strikes

True de-escalation means Israel must start behaving like a normal state, not a rogue nation that threatens the entire region.
President’s speech
20 Apr, 2024

President’s speech

PRESIDENT Asif Ali Zardari seems to have managed to hit all the right notes in his address to the joint sitting of...
Karachi terror
20 Apr, 2024

Karachi terror

IS urban terrorism returning to Karachi? Yesterday’s deplorable suicide bombing attack on a van carrying five...