Davos, 24 Jan (APP): DAVOS, Jan 24 (APP): Prime Minister Shahid Khaqan Abbasi met Mr. Ken Kobayashi, Chairman, Mitsubishi Corporation at the World Economic Forum (WEF) in Davos on Wednesday. Special Assistant to PM Mr. Ali Jehangir Siddiqui and senior government officials were also present.
The Prime Minister appreciated Mitsubishi Corporations’ diverse investment in Pakistan especially in local manufacturing of heavy machinery. He apprised the Chairman Mitsubishi that Pakistan has achieved significant economic stability and improved law and order situation that has boosted the confidence of local and foreign investors to invest in Pakistan. The government has achieved the highest foreign reserves of its history, contained inflation and undertook mega energy projects to address the energy issue faced by the county, emphasized the Prime Minister.
Chairman, Mitsubishi Corporation thanked the Prime Minister for Pakistan’s support to Mitsubishi Corporation’s operations in Pakistan and expressed the desire to further expand investment in coal based power projects, water & sewage management.
Mitsubishi is Japan’s largest trading company and is among world’s leading infrastructure development, logistics, energy, metals, machinery, chemicals, household appliances producer. Mitsubishi is undertaking several joint ventures in Pakistan and is setting up Pakistan’s 3rd LNG Terminal.
APP/Zub/ VNS, Islamabad
