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ISLAMABAD: The visit of Japanese investors delegation to Pakistan has helped change the perception about Pakistan as have found Pakistan as a potential country to increase their production base as well as shifting of manufacturing facilities from Singapore, Indonesia, Thailand and other regional countries to Pakistan.
Japan External Trade Organization (JETRO) Executive Vice President Daisuke Hiratsuka and JETRO Country Director Kaoru Shirasishi soon after their arrival in Islamabad informed a selected group of reporters that a 23-member investors delegation after attending investment meeting in Karachi have arrived in Islamabad and other 27 executives of the Japanese companies would be arriving in the federal capital on Tuesday (today) for formal meeting with the President Asif Ali Zardari.
The first Japanese business delegation visit Pakistan in over 10 years expressed a positive impression about the Pakistan, after spending 2 busy days in Karachi on the first leg of its visit to Pakistan. The 23-member delegation comprises of C-level executives and top management of Japanese companies from several different sectors, many of whom are first time visitors to Pakistan.
The 50-member Japanese investors delegation visiting Pakistan to explore investment opportunities in Pakistan is set to meet president here at the President House today (Tuesday) and will present recommendations for improvement in investment climate in Pakistan for Japanese investors.
Hiratsuka and Shirasishi informed that the purpose of their visit is for change in perception about investors protection in Pakistan. There is perception in Japan that Pakistan is dangerous country for Japanese inventors and they are of the view the view that law and order situation is not very good, infrastructure like electricity, gas, water and consistency of policies is lacking in Pakistan.
They conformed that most of the Japanese companies executives who are visiting for the first time in Pakistan for exploring investment opportunities have expressed their satisfaction as against the perception about Pakistan. They have expressed their willingness that Pakistan is suitable for Japanese investment and they can expand their production base in Pakistan as it is a big market.
They were of the view that auto sector is the main sector where Japanese investment could be improved as well as investment opportunities are also available in the logistic services sector.
They were of the view that per capita income in Pakistan is increasing and there are huge investment opportunities for Japanese investors, if security situation is improved, infrastructure facilities are made available and it should be ensured that there is consistency of policies in Pakistan.
They were of the view that 25 percent cars market demand in Pakistan is being met through import of old and used cars and this has resulted reduced market for existing Japanese companies assembly cars in Pakistan. Import of old and used cars are not only damaging existing investors confidence in Pakistan, but also causing loss to economy in terms of revenues and loss of jobs in Pakistan.
Replying to a question on high prices charged by Japanese car manufacturers with low quality, Daisuke Hiratsuka said that at present Pakistans market has reduced to 200,000 units annually and if this number is increased to over 300,000 many new vendors would be willing to Pakistan and this would help improve not only the quality of cars but would also help reduce cars prices. Citing example of India and other regional countries, Daisuke Hiratsuka informed that they are discouraging import of old and used cars and this has resulted in increased number of production of cars, more job opportunities and more revenues to respective governments as well as reduction in prices of cars.
Daily Times - Leading News Resource of Pakistan
Japan External Trade Organization (JETRO) Executive Vice President Daisuke Hiratsuka and JETRO Country Director Kaoru Shirasishi soon after their arrival in Islamabad informed a selected group of reporters that a 23-member investors delegation after attending investment meeting in Karachi have arrived in Islamabad and other 27 executives of the Japanese companies would be arriving in the federal capital on Tuesday (today) for formal meeting with the President Asif Ali Zardari.
The first Japanese business delegation visit Pakistan in over 10 years expressed a positive impression about the Pakistan, after spending 2 busy days in Karachi on the first leg of its visit to Pakistan. The 23-member delegation comprises of C-level executives and top management of Japanese companies from several different sectors, many of whom are first time visitors to Pakistan.
The 50-member Japanese investors delegation visiting Pakistan to explore investment opportunities in Pakistan is set to meet president here at the President House today (Tuesday) and will present recommendations for improvement in investment climate in Pakistan for Japanese investors.
Hiratsuka and Shirasishi informed that the purpose of their visit is for change in perception about investors protection in Pakistan. There is perception in Japan that Pakistan is dangerous country for Japanese inventors and they are of the view the view that law and order situation is not very good, infrastructure like electricity, gas, water and consistency of policies is lacking in Pakistan.
They conformed that most of the Japanese companies executives who are visiting for the first time in Pakistan for exploring investment opportunities have expressed their satisfaction as against the perception about Pakistan. They have expressed their willingness that Pakistan is suitable for Japanese investment and they can expand their production base in Pakistan as it is a big market.
They were of the view that auto sector is the main sector where Japanese investment could be improved as well as investment opportunities are also available in the logistic services sector.
They were of the view that per capita income in Pakistan is increasing and there are huge investment opportunities for Japanese investors, if security situation is improved, infrastructure facilities are made available and it should be ensured that there is consistency of policies in Pakistan.
They were of the view that 25 percent cars market demand in Pakistan is being met through import of old and used cars and this has resulted reduced market for existing Japanese companies assembly cars in Pakistan. Import of old and used cars are not only damaging existing investors confidence in Pakistan, but also causing loss to economy in terms of revenues and loss of jobs in Pakistan.
Replying to a question on high prices charged by Japanese car manufacturers with low quality, Daisuke Hiratsuka said that at present Pakistans market has reduced to 200,000 units annually and if this number is increased to over 300,000 many new vendors would be willing to Pakistan and this would help improve not only the quality of cars but would also help reduce cars prices. Citing example of India and other regional countries, Daisuke Hiratsuka informed that they are discouraging import of old and used cars and this has resulted in increased number of production of cars, more job opportunities and more revenues to respective governments as well as reduction in prices of cars.
Daily Times - Leading News Resource of Pakistan
