Pakistan gets a good business offer from Japan International Cooperation Agency
Shares
ISLAMABAD - Pakistan gets a good business offer from Japan International Cooperation Agency.
Japan International Cooperation Agency is going to assist and help the automobile industry of Pakistan.
JICA will help in order to enhance its domestic production from existing 200,000 cars by introducing new safety and environment-friendly features.
Moreover, JICA will also support in developing requisite regulations for the said new features and establishing inspection infrastructure for testing of new and used vehicles for safety of the consumers.
A delegation of JICA, headed by its Chief Representative Shigeki Furuta, called on Razak Dawood, Adviser to Prime Minister on Commerce and Textile.
During the meeting, the JICA delegation talked about promotion of the auto sector and decrease in its sales due to heavy taxes recently imposed by the federal government, in addition to stricter regulations. Furthermore, the delegation deliberated upon the upgradation of automobile and textile industries of Pakistan in order to promote trade and investment.
The adviser to the PM informed the participants that the Auto Development Policy (2016-21) provided a uniform and consistent policy framework for the development of auto industry in Pakistan which offered vast opportunities for investments in the auto sector.
According to an official, periodical inspections after procurement and installation of security features also came under discussion.
Furthermore, a better business climate and supporting activities of Japanese automobile companies – Suzuki, Toyota and Honda – in Pakistan including the promotion of associated industries were discussed in the meeting.
