Islamabad, June 15, 2022 (PPI-OT):Federal Minister for Finance and Revenue Mr. Miftah Ismail chaired a meeting on resolution of issues of Japanese companies working in Pakistan, today. Chairman FBR, Governor SBP, Secretary Science and Technology, Secretary Industries and Production, Secretary Commerce, senior officers from Board of Investment and Finance Division inter-alia attended the meeting. The Finance Minister was briefed about the issues being faced by the Japanese Companies.

The challenges faced by Japanese companies were about implementation of industrial policies, tax incentives for locally manufactured automobile, incentives to businesses located in SEZ and EPZ, cash margin requirements and support for development of stable business environment for automobile market. The Finance Minister after comprehensive deliberation with all stakeholders assured the delegation of full support of government for resolution of their issues and directed the relevant authorities to expedite the matter.

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