The Japan’s government has extended grant assistance worth Japanese Yen 2,370 million to the government of Pakistan for the 2 projects; namely Installation of Weather Surveillance Radar in Multan City and also Human Resource Development Scholarship program.
The Japanese State Minister for Foreign Affairs and Finance Minister witnessed the signing of the two agreements for Installation of Weather Surveillance Radar in Multan and Human Resource Development Scholarships.
The Finance Minister of japan said that the new government wishes to strengthen its economic ties with the Japanese Government to achieve bilateral business potential.
The Japanese Minister said that Pakistan and Japan have diplomatic relations since 1952 and we wish to further strengthen the relations. The Japanese Foreign Minister said that with “Naya Pakistan”, there should also be a “Naya Japan-Pakistan” stressing on the need to improve trade relations between Japan and Pakistan.
Installing surveillance weather radar will enhance Pakistan’s Meteorological Department (PMD)’s capabilities in meteorological observation, weather forecasting and dissemination of warning through the installation of a sophisticated radar systems. This will contribute to the mitigation of damages caused by natural disasters.
Human Resource Development Scholarship will strengthen the government’s administrative capacity in providing opportunities to the capable government officials in obtaining a master’s degree and then contributing to the socio-economic development of Pakistan.
The Finance Minister acknowledged the support of Japanese for extending economic and technical assistance to Pakistan in the sectors of energy, road infrastructure, industries, agriculture, water, health and education. He also said that Pakistan will welcome the Japanese investment through joint ventures between the private sectors of the Pakistan and Japan.