ISLAMABAD: Finance Minister Hammad Azhar has said that Pakistan and Japan enjoy cordial and friendly relations over the years and this relationship will continue to become even stronger with every passing day.
Talking to Ambassador of Japan Kuninori Matsuda on Thursday, the finance minister appreciated the support extended by the government of Japan for infrastructural and institutional development in Pakistan.
The finance minister lauded the valuable investment by Japan in various sectors particularly in the automobile sector and affirmed to facilitate Japanese investors and businessmen for undertaking major investment initiatives amid rising demand for innovative business products and services in Pakistan.
He also commended the contribution of the Japan International Cooperation Agency (JICA) for socio-economic development and reform initiatives aimed at poverty reduction & human development in the country.
He said that Pakistan’s primary deficit has been converted into a surplus due to strict adherence to fiscal discipline. Pakistan’s fiscal response to Covid-19 has been prudent and well-targeted, including re-allocation of spending to the most vulnerable segments through the landmark Ehsaas programme, he said.
The ambassador of Japan said that Japan greatly values its bilateral relations with Pakistan. He briefed the finance minister about operations of the Japanese entities in Pakistan and expressed confidence that business and economic linkages would further strengthen between the two countries.
They also discussed issues of mutual interest. Both reviewed the spectrum of business and investment relations and identified areas for further strengthening and expanding economic cooperation.
Commercial Counsellor Ishii Kensuke and Second Secretary Soma Mayuko also accompanied the ambassador on the occasion. – TLTP