DAVOS, Jan 24 (APP): Prime Minister Shahid Khaqan Abbasi met Tadashi Maeda, CEO, Japan Bank for International Cooperation (JBIC) at the World Economic Forum (WEF) in Davos on Wednesday. Special Assistant to PM Ali Jehangir Siddiqui and senior government officials were also present.
The Prime Minister highlighted that in the last few years Pakistan has made tremendous achievements towards political stability, law and order, energy security, and economic growth. We are hoping that these positive indicators will incite Japanese companies and businesses to enhance their ties, stated the Prime Minister. The Prime Minister reiterated that Pakistan and Japan enjoy a very long and cherished history of economic cooperation that is of immense importance to Pakistan.
The Prime Minister expressed the hope that JBIC will support Japanese companies in their investments in Pakistan particularly in the energy sector. The Prime Minister further stated that the Government of Pakistan will provide full support and facilitation to Japanese companies that are interested to invest in Pakistan.
The Prime Minister apprised that there are 84 Japanese companies currently operating in Pakistan and many more are expected to enter Pakistani market at an exponential rate. Prime Minister Abbasi invited JBIC to open its operations in Pakistan.
The CEO JBIC appreciated the economic stability achieved by Pakistan and expressed interest for in investments in Energy and Telecom sectors. JBIC has 15 international offices including London, New Delhi Dubai, Moscow, Beijing, Bangkok and represents 40 percent of Japan’s official development assistance. It has a market capitalization of US $ 16.8 billion. JBIC has provided funding for Kohat tunnel (I &II) and other infrastructure projects.
APP/ Hamza/anm/ VNS Davos
