Japanese automobile companies have voiced concerns over delays in tax refunds and other operational challenges that are hindering their business activities in Pakistan. In response, the federal government has assured its commitment to creating a favorable environment for investment in the country’s automobile sector.

According to the Ministry of Industries and Production, Federal Minister for Industries and Production, Rana Tanveer Hussain, held a meeting with representatives of Japanese automobile companies to address the issues faced by the sector. The discussions revolved around export barriers, tax refund delays, and the overall business climate for foreign investors in Pakistan.

During the meeting, Japanese representatives highlighted the negative impact of export restrictions and prolonged tax refund processes on their operations. Responding to these concerns, Rana Tanveer Hussain assured the companies that the government is dedicated to resolving their issues and fostering a business-friendly environment.

The minister emphasized the importance of linking industrial incentives and concessions to export performance, ensuring that companies contributing to the national economy receive greater benefits. He also acknowledged the need for reforms in the taxation system, noting that local industries are currently burdened with higher taxes compared to others.

Rana Tanveer Hussain further stressed the importance of exporting skilled human resources to boost national income and pledged government support for local industries in exploring new export markets. He urged the automobile sector to focus on increasing exports and improving product quality to remain competitive in global markets.

The minister assured the Japanese automakers that their genuine concerns would be addressed on a priority basis to facilitate smooth operations. He reiterated the government’s commitment to supporting industries in generating higher revenues, attracting foreign investments, and achieving sustainable economic growth.