Japan says no cut in Pakistan aid or trade despite disaster
Disaster cannot stop us from supporting friendly Pakistan
Japan will increase ties, cooperation and investment
FPCCI delegation signs condolence book in embassy
Dated: March 19
Islamabad: Japan on Saturday said it will continue to play role in development of Pakistan and there will be no cut in aid despite deadly earthquake and tsunami.
Pakistan will not face any reduction in developmental assistance and projects funded by Japan will not be dropped or rescheduled, said Kaoru Magosaki, Head of Economic and Development Section, Embassy of Japan.
The diplomat said that they will increase ties and cooperation with Pakistan. Many companies will like to invest here of security situation is little improved, he underlined.
Kaoru Magosaki said this while talking to a delegation led by Chairman FPCCI, Capital Office, Hameed Akhtar Chadda, Chairman Media Malik Sohail, and SVP Pharmaceuticals Tariq Mehmood who visited embassy to express sympathetic grief over disaster and loses in Japan.
He said that disasters will not stop us from supporting a friendly country like Pakistan.
Earlier, Chadda and Sohail said that Japan ii world's third-largest economy and the fifth largest donor of development aid. It has played significant role in Pakistan's economic development.
The situation in Japan has triggered fears in domestic market as it is a great trading partner and supplier of quality goods. Many critical sectors rely on Japan, they added.
Malik Sohail also expressed fear of an expected drop in demand, exports and remittances and its impact on local environment.
"Japan should take steps to balance trade and accelerate transfer of technology to Pakistan and ease visa related issues," he demanded.
He called upon business government and business community to reach out to help the people of Japan as they have always helped us in need.
The FPCCI delegation also offered condolences. "We share in the sorrow and grief of the people of Japan and will try our level best to help them. Japanese have the will and ability to overcome loses and emerge stronger," they wrote in the condolence book at the embassy on the behalf of VP CACCI Tariq Sayeed, VP Saarc CCI Iftikhar Ali Malik and President FPCCI Senator Ghulam Ali.
The delegation lauded Japanese support in construction of Kohat Tunnel, training institutes, flood warning system and rehabilitation of Taunsa Barrage, improvement of health, education, environment, irrigation, agricultural and industrial development, disaster risk management, energy, transportation and sanitation.
Pakistan's main exports include textile yarn, woven fabrics, leather and leather goods, sport goods, fish and fish products etc while it imports road vehicles, boilers, machinery, equipment, iron, steel, telecommunication, organic chemicals, auto parts, vehicles etc.
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