LAHORE, Nov 22: Japanese Ambassador Hiroshi Oe says the business environment in Pakistan is far better than India and it is a safer place as far as working conditions are concerned.

“Many big Japanese investors are seriously planning to make investment in Pakistan as they are facing problems because of strong workers union culture in India,” said the ambassador at the Lahore Chamber of Commerce and Industry (LCCI) on Thursday.

Hiroshi Oe said that there is a wide scope of establishing joint ventures between business communities of the two countries. The negative perception has been a problem for Pakistan and that it should be tackled on an urgent basis.

“Japanese businessmen are being motivated for establishing business with their counterparts in Pakistan. Japan will continue to provide financial and technical assistance to Pakistan as we believe that this country has great potential for the future. There are spectacular development and investment opportunities in various fields as a few countries are gifted with natural resources.

Pakistan is facing difficult challenges which will be over soon,” said the ambassador.

He said the Japanese Embassy in Pakistan was ready to grant visas to genuine businessmen who fulfil all requirements and recommendation of LCCI.

Earlier, LCCI President Farooq Iftikhar said that availability of inadequate trade-related data has been one of major hurdles in the way of expansion of trade between two countries.

According to him, there is a huge scope in the field of power sector as Pakistan is in dire need of technologies in renewable or alternate energy, solar energy, wind energy etc.

Opinion

Editorial

Looking ahead
Updated 01 Jan, 2025

Looking ahead

The dawn of 2025 brings with it hope of a more constructive path to much-needed stability.
On the front lines
Updated 01 Jan, 2025

On the front lines

THE human cost of terrorism in 2024 was staggering. The ISPR reports 383 officers and soldiers embraced martyrdom...
Avoiding reform
01 Jan, 2025

Avoiding reform

PAKISTAN’S economic growth significantly slowed down to a modest 0.92pc during the first quarter of the present...
Charter of economy
Updated 31 Dec, 2024

Charter of economy

Before a consensus on economy is sought, the govt must resolve tensions with the opposition and reduce political temperatures.
Madressah compromise
31 Dec, 2024

Madressah compromise

A CLASH between the ruling coalition and the clerical old guard over the Societies Registration (Amendment) Act,...
Safety at work
31 Dec, 2024

Safety at work

PAKISTAN’S first comprehensive occupational safety and health (OSH) profile exposes the inadequacies of worker...