Pakistan, Japan to remove banking bottlenecks

E-Paper | April 30, 2026

KARACHI: Pakistan and Japan have agreed to hold bilateral talks next month for the removal of banking bottlenecks faced by both the countries’ nationals engaged in trade.

This transpired during Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Daroo Khan Achakzai’s visit to Japan. He met officials of Ministry of Economy, Trade & Ministry (METI), including Director (South Asia) Miyake Yasujiro, Deputy Director Investment Facilitation Takayuki Kanai and Deputy Director General Trade Haruhisa Somaya.

Both sides discussed issues of bilateral trade, economic relations and the impediments, particularly with respect to opening of new bank accounts.

FPCCI president also informed that many operational bank accounts of Pakistanis in Japan were being suspended for some reason to which METI officials shared that the same is being faced by Japanese in Pakistan. Achakzai assured the officials to take up the matter with the government and it was agreed by both the sides to hold a joint meeting next month to discuss bilateral banking procedures.

He also met the Pakistani envoy to Japan Imtiaz Ahmed at the Pakistani Embassy in Tokyo and discussed promotion of bilateral trade and economic relations between the two countries.

Published in Dawn, July 24th, 2019

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Enlightened One

Jul 24, 2019 05:59pm

Japan is comparatively a very ethical trading partner, for the most part. Everyone is self-serving, at some level or the other. However, the Japanese try to build long-term relationships as well, and try their best for a win-win outcome. Pakistan should ask all the major financial institutions in Japan to assist with banking outreach in Pakistan. Also, seek soft trade terms, better payment support, better credit terms, and more opportunities for manufacturing. Start small, and think big. Prove to them that you are indeed capable of meeting production and export commitments, and provide complete transparency in business transactions and activities. Work towards building strategic relationships with various industry segments in Japan and ask Japanese assistance in developing start-ups in food, manufacturing, mining, infrastructure, telecom, and power generation.

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