Excellent day from foreign investment perspective: Asad Umar

ISLAMABAD: Finance Minister Asad Umar on Tuesday said the Suzuki Motors has expressed an interest in investing $450 million to expand car production in Pakistan.

In a tweet, the minister said: “Excellent day from a foreign investment perspective. Global Chairman suzuki motors visited & expressed interest in investing 450 million$ to expand car production in Pak & worlds biggest energy company Exxon mobil re opened there office in Pak 27 years after leaving the country.”

Excellent day from a foreign investment perspective. Global Chairman suzuki motors visited & expressed interest in investing 450 million$ to expand car production in Pak & worlds biggest energy company Exxon mobil re opened there office in Pak 27 years after leaving the country

— Asad Umar (@Asad_Umar) November 27, 2018

A delegation of the Suzuki Motors Corp called on Prime Minister Imran Khan at Prime Minister’s Office, according to a statement.

The delegation included Global Chairman Suzuki Osamu Suzuki, Kinji Saito, Masafumi Harano, Shigeo Takezawa, Yusuke Katto and Shafiq A Shaikh. Ambassador of Japan in Pakistan Takashi Kurai was also present during the meeting.

The delegation briefed the prime minister about the existing investment of the Suzuki Motors Corp and future investment plans in the country.

The prime minister was also apprised about its plan for construction of second plant by the company to manufacture 100,000 more vehicles per year. He while appreciating the contribution of the Suzuki Motors in the automobile sector said that the present government is committed to private sector development, investment promotion, improving ease of doing business and growth of manufacturing sector.

The prime minister assured the delegation of continued support of the government towards availing the existing business opportunities in the country.