ISLAMABAD-Karou Shiraishi, Country Director Osamu Hisaki JETRO, called on Special Assistant to Prime Minister/Chairman Board of Investment (BoI) Dr Miftah Ismail and discussed matters relating to trade and investments in the country. Karou Shiraishi, JETRO’s newly appointed director, briefed the Chairman BoI that his organization ranked Pakistan second in the world in terms of business growth in a survey done by Japan External Trade Organization (JETRO). He further said that JETRO was striving hard to promote trade, investment, technical cooperation and other bilateral economic relations between Japan and Pakistan.
by providing technical assistance and guidance in the field of marketing, business management, enhancing the capacity building of SMEs, providing on the job training and advisory services to business people.
Dr Miftah Ismail said that to encourage foreign investment in Pakistan, the government had announced that income rates for companies with more than 50 per cent foreign equity would be reduced from 35 percent to 30 percent for the next five years.
Additionally, he said further tax incentives had been announced for companies investing in Balochistan, Gilgit-Baltistan and Kohat, while a total tax exemption on inputs would be given to companies in FATA.
He invited the Japanese investors to start economic zones in Pakistan and desired to make the economic zone of Japan as a model zone for the rest of the foreign investors.