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Japan gives $19m to improve security arrangements at Port Qasim

byCustoms Today Report
29/01/2015
in Business
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ISLAMABAD: Finance Minister Senator Ishaq Dar has said that Pakistan and Japan have a long history of economic cooperation. He wished that this cooperation will be enhanced with the government of Japan. “The inauguration of state of the art Yamaha motorcycle plant in April, would also add another chapter to our economic cooperation”, the Minister said.

The Minister, along with Japanese Envoy, Hiroshi Inomata was talking to media after the signing of two Japanese grant agreements and exchange of notes. Under the agreements, the Japanese Government has extended a grant of Yen 1,934,000,000 (US $19 million) to the GoP for Improvement in Security Arrangements in Port Qasim, Karachi Port and Energy Saving in Water Supply System In Lahore. The Japanese Ambassador, Hiroshi Inomata and Secretary EAD, Saleem Sethi signed the two project agreements while notes containing details of the implementation of the two projects were simultaneously signed by Mr. Kawasaki, Chief Representative of JICA and Syed Mujtaba Hussain, Joint Secretary EAD.

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