EC emphasizes Japan’s role in economic development of Pakistan

By Nazir Siyal
The Consulate of Japans’ Economic Advisor and Researcher Yoko Watanabe discussed various economic perspectives related to issues in Pakistan and assistance by Japan International Cooperation Agency (JICA) with the economic Journalists here on Wednesday.
It was thoroughly discussed numerous economic challenges particularly Pakistan having more undocumented money than documented in banks and other financial institutions. Currently there is lot of Pakistan money in Swiss banks amounts about Rs 92 billion (1,441 million Swiss francs).
It is estimated that globally USD 1.6 trillion is laundered every year. It’s a problem that casts a shadow over good governance and legitimate business, costing Pakistan more than a hit to its GDP. It costs Pakistan in terms of its reputation as a good place to invest and to do business, while government policies to favor economic environment and to attract the foreign investment in country.
It was hopeful for the Pakistan economy could develop after CPEC activities and different times International events also discussed by the economic Journalists with EA Yoko on the occasion.
The media personnel also admire Japan government cooperation and assistance in different aspects; they added that the role of Japan in Pakistan’s development is laudable, so that government of Japan and Pakistan friendship is long-lasting.
Meanwhile, the Consulate-General of Japan in Karachi hosted “Karate Workshop 2017” here at Japan Information and Culture Centre in cooperation with the Japan Karate Association (JKA).
Karate is one of internationally recognized martial arts originating in Japan and has become popular in Pakistan. Now it is believed that there are around 40000 Karate players in Pakistan. Also Karate would be included in the Olympic event from the Tokyo Olympic Games 2020.
In such a momentum, the workshop, with the presence of Katsutoshi SHIINA, a leading Karate player from Japan and JKA official instructor, 7th Dan (The levels are divided into “Kyu” and “Dan”, and the levels start from Kyu (10 to 1) to Dan (1 to 10)) offered opportunities not only for the participants to train their skills but also for people of Pakistan to explore more fun and excitement of Karate.
It was also promoted the recognition of Karate as a new Olympic sport in Pakistan and to enhance the cultural relationship between Japan and Pakistan.
During three-day workshop, there are around 50 Pakistani Karate players each day enjoying their skill-up through the training sessions and challenging for Kyu or Dan promotion tests.
The Consulate General of Japan considered it important to establish the further relationships between Japanand Pakistan in various fields.
Ongoing “Karate Workshop 2017” will contribute to development of our cultural through the Japanese traditional martial art “Karate” and enhancement of cooperation in sport sector towards the Tokyo Olympic Games 2020.

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