ISLAMABAD: Foreign Minister Makhdoom Shah Mahmood Qureshi Thursday welcomed the German automaker Volkswagen’s decision to start manufacturing vehicles in Pakistan.
He also invited other German companies to take advantage of Pakistan’s investor-friendly policies, especially in the field of infrastructure development, agriculture, food processing, energy, mining, manufacturing, water and waste management etc. The Foreign Minister expressed these views as he received Ambassador Martin Kobler of Germany here at the Foreign Office.
The two sides appreciated the positive developments in bilateral relations and agreed to translate the existing friendship and mutual goodwill into strong political and economic partnership, a foreign office press release issued here said. The Foreign Minister expressed satisfaction at the burgeoning trade and investment relations between the two countries. He appreciated the establishment of Energy Forum by Germany and invited the German investments in hydroelectric power generation, particularly in Khyber Pakhtunkhwa, Azad Kashmir, and Gilgit Baltistan.
The Foreign Minister also underscored the need to promote legal migration of Pakistani workers to meet the growing demand for skilled labor in the German economy. He appreciated the positive role of Pakistani Diaspora in Germany, which acts as a bridge in enhancing people-to-people contacts. The Ambassador assured of Germany’s full support in enhancing bilateral relations in all areas of mutual interest.
Tokyo bourse closes in the green
TOKYO: Shares edged up today with investors expressing relief as US President Donald Trump appeared to take a softer stance on his thorny trade dispute with Japan.
The key Nikkei 225 index rose 0.31 percent, or 65.36 points, to close at 21,182.58, while the broader Topix index was up 0.38 percent, or 5.79 points, at 1,547.00.
“Players were relieved as President Trump did not take a tough stance on the US-Japan trade issue,” Daiwa Securities chief technical analyst Eiji Kinouchi told AFP.
After a fun-filled weekend of golf and sumo, Trump and Japanese Prime Minister Shinzo Abe held formal talks Monday, with trade and tensions with North Korea topping the agenda.
Ahead of their talks, Trump hinted that tough negotiations on their bilateral trade could wait until after July elections in Japan.
Trump tweeted: “Great progress being made in our Trade Negotiations with Japan. Agriculture and beef heavily in play.”
In remarks after the closing bell, Trump also told reporters: “We hope to have even more to announce on the trade, very very soon.”
The dollar fetched 109.52 yen in Asian afternoon trade, against 109.29 yen in New York late Friday.
In Tokyo, Nissan was up 0.97 percent at 747.8 yen after news that its French alliance partner Renault and Italian-US auto giant Fiat Chrysler are weighing a potential merger.
Its rival Toyota gained 0.79 percent to 6,554 yen while Honda was down 1.11 percent at 2,759 yen.
Takeda Pharmaceutical jumped 2.46 percent to 3,942 yen while telecom and investment firm SoftBank Group was up 1.65 percent at 10,465 yen.
Dep. PM of Uzbekistan arrives in Islamabad
ISLAMABAD: Deputy Prime Minister of Uzbekistan Elyor Ganiev has arrived here today on a two-day visit to Pakistan.
Elyor Ganiev is accompanied by a high-level delegation comprising Deputy Ministers for Investment and Foreign Trade, Transport and other senior officials.
He is scheduled to meet a number of Federal Ministers and Advisers. He will hold consultations with Foreign Minister Shah Mahmood Qureshi. The talks will focus on discussing ways and means to further bolster the bilateral relations between Pakistan and Uzbekistan.
A relevant piece published earlier:
Govt. to further strengthen Sino-Pak partnership
ISLAMABAD: Foreign Minister Shah Mehmood Qureshi has expressed the govt’s commitment to further strengthen Sino-Pak strategic partnership.
He was addressing Friends of Silk Road Forum organized in honor of visiting Chinese Vice President Wang Qishan here today.
The Foreign Minister said both countries are observing 2019 as a year of mutual relations and it is expected that people to people contacts will reach a new level.
Shah Mehmood Qureshi said CPEC has helped to strengthen bilateral relations and take economic and social development to new heights.
He said the CPEC has entered into its second phase which focuses on industrial, social and economic cooperation. He expressed the confidence that Special Economic Zones will pave way for the progress of Pakistan.
Foreign Minister said the government has a special focus on poverty alleviation, industrial development, education, technology, scientific innovation, and agricultural development.
He said both the countries have common thinking of improving the living standard of their people. He hoped that the development target will be achieved by mutually harnessing the capabilities of the two countries.
Foreign Minister paid rich tributes to the services of the Chinese Vice President in promoting the strategic partnership between the two countries.
A relevant piece published earlier: