'Business-friendly policies': Japan decides to increase investment in Pakistan

ISLAMABAD: Chief Executive of Japan’s largest trading company, Mitsubishi Corporation, Kimihide Ando called on Prime Minister Imran Khan on Tuesday, ARY News reported.

Kimihide Ando said that the Japanese government has decided to support companies in increasing investment in Pakistan in order to enhance engagement with Islamabad.

The chief executive praised business-friendly policies of the present government and Mitsubishi intended to strengthen its footprint in meeting the energy requirements of the country.

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Mr Kimihide Ando was leading a delegation of Mitsubishi Corporation comprising the company’s country head and high-level officials who called on by PM Imran Khan in Islamabad.

The meeting was also attended by Adviser to PM for Commerce, Textile and Industry Production Abdul Razak Dawood, head of Energy Task Force Nadeem Babar and other senior officials.

Mr Kimihide Ando also briefed the Prime Minister about a long association of the Japanese company with Pakistan spanning over six decades. He said that Mitsubishi has had great experience of undertaking profitable business ventures in Pakistan.

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PM Khan said that the federal government was strategising to create a business-friendly environment besides bringing reforms to create ease of doing business for foreign investors.

The premier thanked the decision of the Japanese government for increasing investment in Pakistan. He also welcomed Mitsubishi Corporation’s interest in exploring greater business opportunities in Pakistan.