President Asif Ali Zardari on Wednesday invited Toyota Tshusho, a leading Japanese auto parts giant, to invest in Pakistan, as automobile sector in Pakistan is flourishing with the passage of time. He said Pakistan was providing attractive investment opportunities and security to foreign investors in various sectors and has set up a special economic zone at an area of 2,000 acres near Karachi for Japanese investors.
He was talking to Junzo Shimizu, President Toyota Tsuhsho (Trading House dealing in supply of auto spare parts), who along with Executive of Toyota Corporation called on him here. The President said Pakistan offered attractive facilities to foreign investors, a land of 170 million people with cheap and skilled labour force as well as liberal export incentives offered great opportunities to Japanese investors.
He said Pakistan would prove a hub for foreign investors from where they could export their products to Central Asia, China, India and Middle East while Pakistani people would get employment opportunities. The President said Japan was one of Pakistan's trading partners, urging for further enhancing trade and commercial ties for mutual benefits of the two countries. The President said Pakistan needed better trade terms with foreign investors and sought resources and support of Japanese entrepreneurs to access its products to the international markets.
President Zardari said Pakistan's major imports from Japan were motor vehicles and their parts and machinery where power generators and textile machinery constitute the main proportion of machinery import. President Toyota Tsusho, Junzo Shimjizu said their company would take benefits from the attractive and liberal policies of the Government of Pakistan and would invest in auto spare parts sector.