TOKYO/ISLAMABAD: Japan has expressed interest in diversifying its markets amid global trade uncertainties, stressing the importance of regulatory clarity and targeted incentives to enable Japanese automakers to expand exports from Pakistan.
In Tokyo, Special Assistant to the Prime Minister on Industries Haroon Akhtar Khan and Pakistan’s Ambassador to Japan Abdul Hameed held talks with Matsuo Takehiko, Japan’s Vice Minister for International Affairs at the Ministry of Economy, Trade, and Industry. The discussions focused on strengthening industrial cooperation, particularly in the automotive and IT sectors.
Officials highlighted Pakistan’s large and youthful population, describing it as a market with significant potential, where more than 70 Japanese companies are already operating. The talks also touched on Pakistan’s new industrial policy, which seeks to boost exports, reduce tariffs, streamline regulations, and attract greater foreign investment — in line with the Prime Minister’s target of achieving 6–7% annual economic growth through export-led initiatives.
The two sides also reviewed global industry trends, particularly the Japanese auto industry’s increasing emphasis on biofuels in emerging markets, with companies like Toyota and Suzuki taking the lead. Pakistan’s Auto Industry Development Policy, which has shifted from punitive to incentive-based measures to encourage investment, also came under discussion.
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In addition, opportunities for Japanese investment in automotive and textile sectors were explored, with emphasis placed on biofuels and the establishment of regulatory standards to support the sector’s long-term growth.