Islamabad: According to a recent news report, Sardar Yasir Ilyas Khan, president of the Islamabad Chamber of Commerce and Industry, Pakistan is a thriving market for business and investment, and Japanese companies should investigate the possibility of forming joint ventures (JVs) to produce cars, cell phones, IT, electrical, and other goods in Pakistan (ICCI).
He said that Pakistanis have a high level of trust and interest in Japanese goods and that through manufacturing in Pakistan, where labour is relatively cheap, Japanese companies will gain immediate market penetration and increase their exports to many other countries.
On his visit to ICCI with Kuwamura Akinobu, the first secretary, he said this while sharing views with ISHII Kensuke, Counsellor, Embassy of Japan.
To improve Pakistan’s export competitiveness, Yasir Ilyas Khan suggested that Japan consider technology transfer, sharing technological know-how, and cooperating in capacity building.
Sardar Yasir Ilyas Khan, President ICCI, was thanked by ISHI Kensuke, Counsellor, Embassy of Japan, for exchanging valuable ideas on how to improve bilateral trade and economic ties between Pakistan and Japan.
He praised Pakistan’s geoeconomics position and communication opportunities as an export destination for Japanese products and services to the Pakistani market as well as the rest of the country. Both sides reaffirmed their commitment to working together to improve mutually beneficial trade and economic cooperation between Pakistan and Japan in a variety of fields.
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