Wednesday, December 8, 2021

Japan To Invest $100m In Pakistan’s Hybrid Automobile Industry

Japan is to invest $100 million in Pakistan’s automobile industry in order to begin production of hybrid vehicles.

Both sides addressed the future plan to boost bilateral cooperation between the two nations during a meeting between Adviser to Prime Minister on Commerce Abdul Razak Dawood and Japan Ambassador Kuninori Matsuda.

According to a news statement released by the Ministry of Commerce, the Japanese ambassador revealed that Toyota Corporation of Japan would invest roughly $100 million in making and exporting hybrid vehicles from Pakistan.

Pakistan is developing in the right direction,” Dawood remarked. With Japan’s help, we are now focusing on industrialization, increasing productivity, and keeping up with the latest technologies by modernizing our infrastructure.”

The Japan Diplomat extended an invitation to Dawood to visit Japan, which he accepted. Aspects of bilateral cooperation and the organization of economic forums were also covered at the conference. The possibility of Japan providing aid for infrastructure and facility upgrades in several industries such as fisheries, salt, and food processing was also discussed.

Related Articles

PM Imran Khan grants a lifetime salary to the family of a Sri Lankan manager

The business community in Sialkot has raised $0.1 million for the family of the slain Sri Lankan citizen, according to Prime Minister Imran Khan,...

Sialkot business community announced $100,000 to the family of Sri Lankan manager

According to authorities, a mob in Sialkot tortured to death a Sri Lankan man who worked as a manager at a local plant over...

Karachi is a lively and peaceful city: Japanese consulate general.

According to Japanese Consul General Toshikazu Isomura, Karachi is a diversified and bustling city. He made the remark when launching a freshly renovated eatery. According...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

PM Imran Khan grants a lifetime salary to the family of a Sri Lankan manager

The business community in Sialkot has raised $0.1 million for the family of the slain Sri Lankan citizen, according to Prime Minister Imran Khan,...

Sialkot business community announced $100,000 to the family of Sri Lankan manager

According to authorities, a mob in Sialkot tortured to death a Sri Lankan man who worked as a manager at a local plant over...

Karachi is a lively and peaceful city: Japanese consulate general.

According to Japanese Consul General Toshikazu Isomura, Karachi is a diversified and bustling city. He made the remark when launching a freshly renovated eatery. According...

HOW TO SHARE JAZZ BALANCE

There are many networks out there but you are lucky to be an active user of JAZZ network. One of the many benefits that...

Pakistan receives $70 million in stolen antiquities after US billionaire returns them

According to Justice Department officials in New York, a major US art collector and wealthy philanthropist has returned 180 works of art and antiquities...