Mitsubishi Corporation keen to expand investment in Pakistan

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Mitsubishi Corporation is desired to further expand investment in coal based power projects, water and sewage management in Pakistan.

This was expressed by Chairman, Mitsubishi Corporation Ken Kobayashi while talking to Prime Minister Shahid Khaqan Abbasi at the World Economic Forum in Davos on Wednesday.

The Prime Minister appreciated Mitsubishi Corporations' diverse investment in Pakistan especially in local manufacturing of heavy machinery.

He apprised the Chairman Mitsubishi that Pakistan has achieved significant economic stability and has achieved the higher foreign reserves, contained inflation and undertook mega energy projects to address the energy issue faced by the county.

The Chairman, Mitsubishi Corporation thanked the Prime Minister for Pakistan's support to the Corporation's operations in Pakistan.

Talking to CEO of Japan External Trade Organisation Hiroyuki Ishige, at the World Economic Forum in Davos , Prime Minister Shahid Khaqan Abbasi said that Pakistan's goal is to engage with all of Asian countries in its economic activity and Japan is among its top partner.

He appreciated JETRO's consistent support to Pakistan for trade and investment.

He emphasized that Prime Minister Abbasi apprised the CEO JETRO that in last few years Pakistan has made tremendous achievements towards political stability, improved law and order situation, energy security, and economic growth that have been acknowledged by renowned international rating agencies.

CEO JETRO acknowledged Pakistan's economic growth and expressed the hope for continued cooperation in various sectors of the economy.

JETRO is a leading investment match-maker in Japan in the public sector and has 73 overseas offices with extensive research network. The 2017 JETRO Report puts Pakistan at number one in terms of business growth expectations, profitability and local employment.

Meanwhile, Prime Minister Shahid Khaqan Abbasi met Chairman and CEO Trina-Solar Jifan Gao at the World Economic Forum in Davos on Wednesday.

The Prime Minister invited Trina-Solar to establish manufacturing plant for solar panels in Pakistan. He said that Government of Pakistan will provide full support and tax incentives to encourage local manufacturing that would help in employment generation and provide an affordable alternative in the energy mix of the country.

Chairman Trina-Solar thanked the Prime Minister and stated that Trina-Solar would seriously consider establishment of local manufacturing solar panels' plant.

Trina-Solar delivers smart solar solutions, PV products, applications and services to promote global sustainable development.

MNA Shiza Fatima, Special Assistant to PM Mr. Ali Jehangir Siddiqui and senior government officials were also present.

 

Pakistan