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A four-member Japanese delegation led by Prof. Reizo Utagawa, Executive
Director Institute for International Policy Studies, Distinguished Fellow,
Tokyo Foundation called on Dr. Abdul Hafeez Shaikh Minister for Privatisation
& Investment here today.
Briefing the delegation regarding the economic, investment and privatisation
policies of Pakistan Dr. Hafeez Shaikh said that Pakistan was successfully
practicing consistently reforms oriented liberal policies with an effective
regulatory framework. Our neighborhood was getting better with development in
infrastructure, which provided conducive environment for both local and
foreign investors, he said.
The Minister stated that huge domestic market together with important
geographical location and lots of mineral resources have made Pakistan
regional hub for investment. There existed a vast scope to collaborate in
various economic areas by developing links between the societies and the
private sectors of the two countries, he added.
Dr. Shaikh further stated that we were trying to reduce the fiscal burden
through the privatisation of public sector entities. We were in the process of
introducing legislation for improving the legal system to provide comfort to
the investors for speedy decisions within shortest span of time by the higher
courts, he said.
The delegation members including Prof. Osamu Nariai of International Economic
School, Reitaku University and other also exchanged views on the economies of
both the countries. The senior officials of Economic wing of Japanese Embassy
to Pakistan were also present during the meeting.