ISLAMABAD - Ambassador of Japan to Pakistan Hiroshi Inomata on Friday informed Finance Minister Senator Mohammad Ishaq Dar that a delegation of Japanese business community would visit Pakistan in April this year to explore avenues of cooperation.
Hiroshi Inomata called on Finance minister Senator Mohammad Ishaq Dar. During the meeting, they discussed bilateral economic cooperation between Japan and Pakistan. The finance minister said that as a result of structural reforms and measures taken by the present government the economy was now moving in the right direction. The government, the Finance Minister said, was now focusing on doubling the present reserves to $ 16 billion by the end of the current financial year. The Japanese Ambassador said that Japan fully supports the reforms program and economic policies undertaken by present government and looks forward to renew its economic relations with Pakistan. The Japanese ambassador apprised the Finance Minister that the Government of Japan is increasing consumption tax from 5% to 8% as part of its plan to improve Japanese economy.
The meeting was attended by Advisor to the Finance Division Rana Asad Amin, Secretary Economic Affairs Division Ms. Nargis Sethi and senior officials of the Finance Ministry.