Japanese company interested in developing fishing industry of Pakistan

Prime Minister on Commerce, Textile, Industries & Production and Investment Abdul Razak Dawood met with the Executive Vice President and Chief Operating Officer (COO) of Mitsui & Co Ltd. Mr. Mori Moto. The Advisor said that Pakistan government will welcome investments in various sectors of economy, especially in energy, machinery, chemicals, food, textile, logistics and finance.

Mr Mori Moto expressed the interest of his company in exports of fisheries, especially shrimps from Pakistan to the rest of the world. Moreover, the multinational corporation offered its support in developing systems to upgrade Pakistan’s fisheries related ports infrastructure and its efficient handling.

Previously, Mitsui & Co Ltd expanded its presence in the gas-value-chain business in Pakistan and entered into a joint venture (JV) agreement, worth $310 million, with the Singapore-based BW Group. The Japanese company acquired 49 percent stakes in it to jointly own a Floating Storage and Re-gasification Unit (FSRU), located at Bin Qasim Port, Karachi