LAHORE: Japanese investors are interested in enhancing their investment in Pakistan, which holds the potential and resources to enter the ranks of economic powers of Asia.
Nikon Japan Managing Director Naoki Onozato stated this while talking to Lahore Chamber of Commerce and Industry (LCCI) Vice President Nasir Saeed at the LCCI on Friday.
“Being a good friend, Japan is particularly focusing on Pakistan for technological advancement,” Onozato said.
In this connection, Nikon in collaboration with Camtronx Pakistan is arranging classes, seminars, photo walks, tours of renowned Pakistani photographers and educating talented students of colleges and universities about digital photo and videography.
He said Nikon, which produced optics and imaging products, had latest technologies that were being transferred to Pakistan through potential entrepreneurs.
“Nikon and Camtronx will equip the youth of Pakistan with modern technologies to bring them in line with the day-to-day changing international scenario.”
He pointed out that research aimed at identifying areas of economic cooperation between Pakistan and Japan could help double the existing trade volume. The chambers of commerce of both the countries could play an important role in that regard, he said.
Speaking on the occasion, LCCI Vice President Nasir Saeed noted that Japan was playing a laudable role in the economic development of Pakistan and was striving to deepen mutual understanding through economic exchanges.
He saw great scope of establishing joint ventures between business communities of the two countries.
Besides an important trading partner, Japan is a major donor to Pakistan. Bilateral trade has been averaging around $2 billion per annum and the balance of trade is heavily in favour of Japan with Pakistan’s share standing at just 10%.
Saeed suggested that frequent exchange of sector-specific delegations could encourage representatives of Japanese private sector to explore the opportunities of trade and investment in Pakistan.
“Pakistan is struggling to address the energy crisis. There is a huge scope in this area. We direly need technologies in renewable and alternative energy including solar and wind energy.”