Federal Minister for Finance and Revenue, Muhammad Aurangzeb, met with Japanese Ambassador to Pakistan, Akamatsu Shuichi, at the Finance Division today. During the meeting, Aurangzeb reiterated Pakistan’s commitment to maintaining trust and credibility with its bilateral and multilateral development partners, including Japan. He expressed gratitude for Japan’s continued diplomatic, economic, and technical support and encouraged Japanese investors to explore investment opportunities in Pakistan, especially in sectors like manufacturing and production that could boost the country’s exportable surplus.
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The meeting also provided a platform to discuss ongoing economic reforms, bilateral relations, and opportunities for deeper economic cooperation. Aurangzeb welcomed Ambassador Akamatsu to Islamabad and commended the longstanding partnership between Pakistan and Japan. He highlighted the positive momentum in Pakistan’s macroeconomic stability, driven by key reforms in areas such as fiscal framework, taxation, Special Economic Zones (SEZs), energy, rightsizing the federal government, and privatization efforts.
The Minister also emphasized the government’s continued commitment to addressing critical challenges like population growth and climate change vulnerability, with particular focus on the 10-year Country Partnership Framework signed with the World Bank, which aims to foster sustainable, inclusive economic growth.
Ambassador Akamatsu acknowledged the progress made in Pakistan’s economic reforms and shared an update on the ongoing Japanese investment in the country, noting that around 80 Japanese companies are currently operating in Pakistan, employing over 65,000 local workers, and making significant contributions to the economy.
Minister Aurangzeb praised Japan’s valuable contributions and assured the Ambassador that Pakistan would continue engaging with Japanese investors, particularly in shaping the policy framework for the upcoming federal budget. Both sides expressed a strong desire to further strengthen bilateral economic ties and explore new avenues for collaboration.
