H. E. Mr. Hiroshi Inomata Ambassador of Japan to Pakistan called on Finance Minister Senator Mohammad Ishaq Dar at the Ministry of Finance today.
The Ambassador congratulated the Finance Minister on the successful roadshows and the launch of Euro Bonds worth US $ 2 billion in the international financial market which is the result of hard work and confidence building measures adopted by the present government. The Ambassador appreciated that all the economic indicators of the country are showing positive development and are a sign that the country is moving fast on the road to prosperity.
The Finance Minister informed the Ambassador that, as a result of structural reforms and measures introduced by the present government, the economy has started to show positive results. He said tax collection, GDP growth rate and foreign exchange reserves are moving up and the rate of inflation is going down.
The Minister informed that Pakistan is working on a model where private sector takes the lead and it is high time for our friendly countries like Japan to get benefit from investor-friendly atmosphere of Pakistan. He further said that there is huge potential in Pakistan’s energy and communications sectors for foreign investment. The Minister informed the Ambassador that Karachi Circular Railway Project is one of the top priorities of the country.
The Japanese Ambassador assured the Minister that Japan fully supports the reforms program and economic policies undertaken by the present government and looks forward to renew its economic relations with Pakistan. He mentioned that 5 billion Japanese Yen loan programme for energy sector reforms will be announced soon.
The meeting was also attended by Dr. Waqar Masood, Finance Secretary, Ms. Nargis Sethi, Secretary Economic Affairs Division and senior officials of the Finance Ministry