Islamabad
Federal Minister for Industries and Production Khusro Bakhtyar on Friday said Federal Cabinet will soon approve new automobile and exports policy.
According to details, Japan’s newly appointed envoy to Pakistan Wada Mitsuhiro Friday called on federal minister here in Islamabad.
During the meeting, both shared the key areas of cooperation in industrial sector and modernisation of local engineering industry.
Minister discussed the business opportunities for Japanese Automobiles companies under frame work of new automobile policy focusing on localisation and making the auto sector export-oriented.
Khusro Bakhtyar invited Japanese auto companies to explore potential of exporting auto parts to other countries.
He said that these incremental steps would revolutionize the automobile industry of the country by connecting it to global supply chain & distribution channels.
Minister apprised the Ambassador on Mobile Device Manufacturing Policy. He said that new policy has started bearing fruit now and Pakistan’s existing economic environment provides excellent opportunity for Japanese companies to investment in mobile phone manufacturing.
The Ambassador shed light on mutual cooperation between JICA and Ministry of Industries and Production to enhance export base and suggested bilateral forum for issuance of certificates for international standards of export goods like auto parts, tyres, chemicals, IT & communications and enhancement of engineering development skills.
