Japanese envoy visits RCCI

Rawalpindi
Ambassador of Japan to Pakistan Hiroshi Inomata has said that Japanese business community is reluctant to invest in Pakistan because of deteriorating law and order situation.
He was exchanging views with Rawalpindi Chamber of Commerce and Industry (RCCI) President Syed Asad Mashadi during his visit to the RCCI on Monday. Vice President Saboor Malik, former presidents Sohail Altaf, Shimail Daud, members of executive committee and other members of the chamber were present on the occasion.
The ambassador said Japan is the world largest importer of textile but due to high rate of import duty in Pakistan Japan is not prioritising Pakistan for textile imports to Japan as neighboring countries of Pakistan like Sri Lanka and India have low ratio of taxes. Japan is keen to enhance bilateral trade relations with Pakistan and will support every activity which will be initiated in this regard.
The ambassador said that Japan will assist Pakistan in technical support and interaction between the business communities will be enhanced to boost the bilateral trade. He said that Japanese companies are already working in health, education and energy sector of Pakistan and mutual cooperation will be enhanced in future.