RAWALPINDI – Because of the poor law and order and high taxes on the export of textiles, Japanese investors are reluctant to invest in Pakistan, said Japanese Ambassador in Pakistan Hiroshi Inomata. The trade volume between the two countries is around $2 billion.
During his visit to the Rawalpindi Chamber of Commerce and Industry (RCCI), he said compared to Pakistan, India and Sri Lanka have low tax rates on textile exports. He added that despite these drawbacks Japan is still interested in increasing bilateral trade relations with the country and will support all activities initiated in this regard.
He said, “Japan would assist Pakistan in technical support and interaction between business communities to boost trade. Japanese companies are already working in health, education and energy sectors here, and mutual cooperation would be enhanced in the future.”
On the occasion, RCCI President Syed Asad Mashadi was of the opinion that Japan must transfer technology to Pakistan along with increasing investment in the country. “Trade volume between the two countries is around $2 billion and it is the need of the hour to take solid steps to boost business activities.”
