PM Shehbaz underscores importance of localization, incentivizing new products & promotion of new technologies

ISLAMABAD, June 06 (SABAH): Prime Minister Mian Muhammad Shehbaz Sharif received Ali Asghar Jamali, Chief Executive Officer of the Indus Motor Company Ltd., at the Prime Minister’s Office on Monday. Japanese Ambassador to Pakistan Mitsuhiro Wada was also present in the meeting.

Appreciating Indus Motor’s investment in Pakistan since 1989, the Prime Minister underscored the importance of localization, incentivizing new products and promotion of new technologies, such as introduction of hybrid and Electric Vehicles at an early date.

While highlighting Government’s business friendly policies, the Prime Minister urged the Japanese side to avail itself of such opportunities and to enhance its investment in Pakistan.

Earlier, the Prime Minster also received a delegation of leading Japanese companies, during which the Prime Minister renewed his Government’s firm commitment to further enhance bilateral cooperation with Japan, especially in the fields of trade and investment, telecommunication, food, infrastructure and other important sectors.

The meeting was attended by Ministers including Minister of Energy Khurram Dastagir, Finance Minister Dr. Miftah Ismael, Minister for Industries and Production Makhdoom Syed Murtaza Mehmood, SAPM Syed Tariq Fatemi and other senior officials.

The Prime Minister also constituted a Special Committee to resolve the issues faced by Japanese companies in Pakistan on a priority basis, which was aimed at removing hurdles and impediments in the way of attracting Foreign Direct Investment in Pakistan.