ISLAMABAD: There is a vast scope for Japanese private sector investment in the energy sector of Pakistan both in brown and green field projects and to explore new avenues and opportunities in other sectors while the government intends to privatise all State owned Entities (SoEs).
Federal Minister for Privatisation, Ghous Bux Khan Mahar, said during a meeting with the Japanese delegation accompanied by Ambassador of Japan, Hiroshi OE, to Pakistan here on Wednesday.
While lauding the contribution of Japanese investors in Pakistan and the financial assistance by the government of Japan in various projects, the minister urged to increase Japanese private sector investment as the future of every country’s economy belonged in the private sector, which almost always performed well and has played an effective and vital role in the economy.
Ghous Bux Mahar expressed grief over the loss of lives during the disastrous tsunami in Japan and appreciated the courage of the Japanese people and the government to meet this challenge.
In 2012, Pakistan and Japan would be completing their 60-year long friendship, which would be further cemented in the future, he added.
Ambassador of Japan to Pakistan, Hiroshi OE, assured the minister that he would make all efforts to attract more Japanese investors to promote existing economic relations between the two countries as there is a huge potential for investment in Pakistan, which would be mutually beneficial.
Copyright PPI (Pakistan Press International), 2011
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