Zardari seeks Japanese private sector support for Pak economic stabilization

TOKYO, Apr 16: President Asif Ali Zardari on Thursday urged the Japanese private sector companies and business giants to help Pakistan, a front-line state in the war against terrorism, recover from the challenges on the economic front. He was talking to the chief executives and top representatives of the leading Japanese companies and entrepreneurs at a luncheon meeting here.

The President apprised the Japanese businessmen of the improved security environment in Pakistan as well as the potential of investment it offers in various sectors of the economy, particularly infrastructure, energy and financial sectors.

President Zardari also briefed the Japanese entrepreneurs about the domestic political situation in the country, and mentioned that the new democratic government in Pakistan, which inherited various problems, was working vigorously to tackle the challenges including militancy and terrorism in the areas bordering Afghanistan.

Advisor to PM on Finance and Economic Affairs Shaukat Tareen briefed the participants about the economic and development needs of Pakistan as well as its strategy to deal with various challenges and put the country on the path of economic growth and stabilization, with the help of friends and development partners.

Some of the companies which were represented by their CEOs at the luncheon meeting included Toyota Motors, Hino Motors, Mitsubishi Corp, Nissan Motors, Sony Corp, JP Steel Plantech Co, The Bank of Tokyo, Universal Metal etc. (APP)