PM calls for incentivizing new products, promoting technologies

ISLAMABAD: Prime Minister Shehbaz Sharif has stressed the importance of localization, incentivizing new products and promotion of new technologies, such as introduction of hybrid and Electric Vehicles at an early date.

He was talking to Chief Executive Officer of the Indus Motor Company Ali Asghar Jamali here in Islamabad on Monday. Japanese Ambassador to Pakistan Mitsuhiro Wada was also present in the meeting. The Prime Minister urged the Japanese side to avail itself of such opportunities and to enhance its investment in Pakistan.

Earlier, the Prime Minster also received a delegation of leading Japanese companies, during which the Prime Minister renewed his Government’s firm commitment to further enhance bilateral cooperation with Japan, especially in the fields of trade and investment, telecommunication, food, infrastructure and other important sectors.

The Prime Minister also constituted a Special Committee to resolve the issues faced by Japanese companies in Pakistan on a priority basis, which is aimed at removing hurdles and impediments in the way of attracting Foreign Direct Investment in Pakistan.

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