Special economic zone for Japanese investors

In order to curtail the smuggling of diesel to the neighboring countries the subsidies on certain petroleum products would be reduced gradually, he said adding that Pakistan workers remittances have gone up to US$ 56.5 billion as compared to the previous years figure of $ 5.5b.

The Finance Minister who is also Minister for Privatisation and Investment directed the Board of Investment (BOI) to work together with the Pakistan Japan Business Forum in conducting an in-depth study to find out the impediments being faced by the investors in general and the Japanese investors in particular.

A workable report should also be prepared in the light of this study, suggesting remedial measures to remove all sort of hindrances and bottlenecks, he said adding that all out efforts should be made to encourage the Japanese business sector to enhance their operations and investment in Pakistan.

Speaking on the occasion, the leader of the delegation of Pakistan-Japan Business Forum Makoto Kakebayashi said that the Japanese Business and investment groups and the government were keen to modernize the basic infrastructure in Pakistan.