ICCI for further strengthening trade ties with Japan
Business
Says there are vast opportunities for Japanese investors in different sectors
ISLAMABAD (APP) – Islamabad Chamber of Commerce and Industry President Ahsan Zafar Bakhtawari on Sunday stressed the need for further strengthening bilateral and economic relations between Pakistan and Japan to attain sustainable growth and development in the country.
Japan is the third largest economy in the world with a GDP of $4,940.9 billion and bilateral relations between Pakistan and Japan has a history, he said during a meeting with Economic Minister-designated for Japan Dr Irfan Abbas Shah who visited the ICCI.
Zafar said there were vast opportunities for Japanese investors to invest in different sectors of the national economy including dairy and automobile.
He called for imparting skill training to youth to fulfil the increasing labour demand of Japanese markets and urged the government to take SMEDA and other concerned institutions into confidence and form a comprehensive policy in this regard.
Besides, conducting courses for Pakistani youth to learn the Japanese language was also stressed to benefiting the existing potential.
He stressed the need for establishing automobile spare parts manufacturing units in collaboration with Japan, which would absorb local skilled and semi-skilled labour force.
Speaking on the occasion, Shah said Japan was in dire need of skilled workers due to the lack of young population and Pakistanis could take advantage of this opportunity.
