Tokyo, 15 August 2022 (TDI): Officials from Pakistan and Japan joined at the top of Mount Fuji to commemorate the 70th anniversary of the Pak-Japan commercial relationship.

Tahir Cheema, trade and investment counselor, Embassy of Pakistan, was also part of the ceremony.

Diplomats from Tokyo and officials of public diplomacy also participate in the event at Mount Fuji to enhance the relationship between the countries.

On the other side, officials of Japanese companies in the region Gotemba-Katsumata, Greenest, Tarock, Anemic, and Anmin Seisakusho were present at the event.

The celebration of the 70th anniversary encourages a relationship between the nations in the sector of commercial arena, Agriculture, Urban development, Textile, and amusement industries.

Pak-Japan Commercial ties

During the past 70 years, the bilateral ties have progressed, with the prime focus being on social development.

Japan has supported Pakistan in areas of health, agriculture, water supply, and disaster management. In 2019, the Government of Japan extended grand aid of $82.12 million to Pakistan.

Moreover, Japan is one of the largest trading partners of Pakistan with an annual trade of $1.5 billion. The Japanese automobile sector enjoys 90 percent of its vehicles in Pakistan. Japanese company Toyota Motors has announced investing in hybrid cars in Pakistan with an initial investment of $100 million.

Furthermore, in the development sector, Japan has been in a lead role in Pakistan. Japan-funded projects in Pakistan include the Indus Highway, Thermal Power Station Jamshoro, Bin Qasim Thermal Power Station, and Kohat Tunnel.

The ongoing project of ‘Gravity Flow Water Supply Scheme’ in Haripur city is built with Japan International Cooperation Agency (JICA) assistance.  Additionally, the project is based on cost-effective water supply arrangements and it will provide drinking water to the residents of Haripur city.