Japan’s Economic Cooperation to Pakistan in 2019: Continuous Support to Pakistan’s Socio-Economic Development : AsiaNet-Pakistan

Japan’s Economic Cooperation to Pakistan in 2019: Continuous Support to Pakistan’s Socio-Economic Development

January 9, 2020 | | Share:

Islamabad, January 09, 2020 (PPI-OT): 1. At the beginning of the celebratory year of 2020, the year of Tokyo Olympic and Paralympic games, the Embassy of Japan expresses its wishes to work on further developing amicable relations between Japan and Pakistan in a wide range of fields. Especially, economic cooperation has played an important role in strengthening ties between the two countries. The total amount of Japan’s economic assistance to Pakistan up until March 2019 reached USD12.42 billion, starting from accepting Pakistani trainees back in 1954 (Technical assistance: USD556 million, Grant assistance: USD2.648 billion, Yen loans: USD9.215 billion) (At a rate of JPY107.9 per dollar). This makes Japan the second largest economic partner of Pakistan after the United States.

2. In 2019, the Government of Japan provided USD82.12 million in total to Pakistan under the following twelve new Grant Aid projects in different sectors including health, disaster-management, agriculture and water supply. Additionally, Technical assistance has also been provided by dispatching Japanese experts in different fields such as the automotive and apparel industry.

3. In addition to the above mentioned, the Government of Japan provided USD185 thousand in total as the Grant Assistance for Grassroots Human Security Projects to support the following three development projects on education and social economic development formulated by the NGOs deeply related to Pakistani local communities. 14,000 persons have benefitted through these projects.

March 11: The project of expanding a public elementary school in Patoki Kasur district, Punjab

March 11: The Project for Improving Facilities of Girls Primary School Shaikhabad, Peshawar District, Khyber Pakhtunkhwa

November 6: The Project for Street Pavement in Six Villages UC Beer, District Haripur, Khyber Pakhtunkhwa

4. Pakistan has a great potential due to abundant young labor force and a huge economic market. It is also considered as an important country for maintaining and promoting peace and security in the region. Year 2022 will mark the 70th anniversary of the establishment of diplomatic relations between Japan and Pakistan. Throughout these years, the Government of Japan has supported Pakistan in its efforts to improve the socio-economic development and it stands committed to continue this support even in the future.

For more information, contact:
Embassy of Japan in Pakistan
53-70, Ramna 5/4, Diplomatic Enclave 1,
Islamabad 44000, Pakistan
Tel: +92-51-9072500
Fax: +92-51-9072352
Email: culture@ib.mofa.go.jp
Website: http://www.pk.emb-japan.go.jp

Category: Embassies, Official News