MD Pak Suzuki Motors calls on Finance Minister

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MD Pak Suzuki Motors calls on Finance Minister

ISLAMABAD, Dec 15 (APP): Managing Director of Pak Suzuki Motors
Hirofumi Nagao Thursday called on the Finance Minister Senator Mohammad Ishaq Dar and discussed his company’s plan of future investment in Pakistan.

The MD of Pak Suzuki Motors said his company was ready to invest
US $460 million in Pakistan to set up a second plant.

After completion of formalities, the new project would be completed
within a period of two years and would start production by the end 2018, he informed, a statement issued here by the Ministry of Finance said.

Finance minister asked the MD Pak Suzuki Motors to submit a complete
plan with all the details to process the request in accordance with prescribed codal formalities/ rules and procedures.

He said the government was committed to provide a level playing
field to all the prospective investors.

The minister said Pakistan had been projected by Japan External
Trade organization (JETRO) as the second choicest place for investment in the world.

Dar said the turnaround of Pakistan’s economy, macroeconomic
stability, improvement of energy and security situation in the country had provided a conducive atmosphere for foreign direct investment.

He said a number of new entrants had shown keen interest to
invest in automobile manufacturing sector as well.

The meeting was attended by senior officials of the ministry of
finance and the members of the delegation of Pak-Suzuki motors.