Jam Kamal kicks off Japan visit to boost ties
Federal Minister for Commerce Jam Kamal Khan arrived in Japan on Monday, marking the start of a high-level official visit aimed at strengthening economic, trade and investment relations between Pakistan and Japan.
The minister was received at the Kansai International Airport by Pakistan's economic minister, the director of Pakistan Pavilion Expo 2025 and the trade and investment counsellor, according to a press release issued by the commerce ministry.
On Tuesday, the federal minister will lead Pakistan's representation at the 2025 World Expo in Osaka, beginning with a meeting with the leadership of the Japan Association for the 2025 World Exposition.
Following the meeting, he will tour various national pavilions, with a special visit to the Pakistan pavilion, where he is expected to interact with officials and stakeholders promoting Pakistan's culture, investment potential and trade opportunities.
The Pakistan pavilion showcases the country's emerging sectors, traditional crafts, tourism attractions and industrial strengths. The minister will also visit the pavilions of key regional and global partners.
Jam Kamal is scheduled to address a press conference and attend a diplomatic dinner at the Expo Salon as well as engage in bilateral discussions with Japanese officials and business representatives.
The federal minister's visit is expected to pave the way for deeper economic collaboration, new trade linkages and increased visibility of Pakistan's potential at international forums.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
13 hours ago
- Business Recorder
Toyota to take private key unit in $26 billion deal
TOKYO: Toyota Motor will take private a key supplier of its group, it said on Tuesday, in a $26 billion deal, marking a landmark repositioning of Japan's most important corporation. Under the terms of the deal, unlisted real estate company Toyota Fudosan will launch a tender offer for shares of Toyota Industries for 3.7 trillion yen ($26 billion), the companies said. Separately, Toyota said it plans to buy back its own shares from Toyota Industries. Japanese companies have come under growing scrutiny from the market regulator and investors in recent years about their cross-shareholdings in affiliates and business partners, sparking a rise in both management buyouts and acquisitions. Many of the deals have been driven by expectations that a corporate governance overhaul will bring better shareholder returns. Toyota Industries to accept Toyota group offer, Kyodo says Toyota had said in April it was considering participating in a potential buyout of Toyota Industries – a move that sources have said would help improve the group's corporate governance. Toyota owned about 24% of Toyota Industries as of September last year, while Toyota Industries held around 9% of the world's biggest automaker and more than 5% of Denso, another major Toyota supplier and Toyota group company. Toyota Industries, formerly Toyoda Automatic Loom Works, was founded in 1926 by Sakichi Toyoda to make automatic looms. An automotive division within the company was set up and later spun off as Toyota Motor. In addition to forklifts, Toyota Industries manufactures the RAV4 sport utility vehicle for Toyota and also produces car parts such as engines, air-conditioning compressors, batteries and converters.
Business Recorder
14 hours ago
- Business Recorder
Japanese government bond yields retreat after strong 10-year note auction
TOKYO: Yields on 10-year Japanese government bonds sank on Tuesday, reversing an earlier rise, after results of an auction of the securities saw the highest demand since April last year. The 10-year yield dropped 3 basis points (bps) to 1.475%, as of 0349 GMT, following an earlier rise of as much as 1.5 bps as Japanese yields initially tracked a rise among U.S. peers from overnight. Benchmark 10-year JGB futures rose 0.15 yen to 139.17 yen. Two-year JGB yields slipped 0.5 bp to 0.745%. Other tenors had yet to trade following the announcement of the auction results at 0335 GMT. Mizuho's chief desk strategist, Shoki Omori, called the result 'a remarkably robust outcome … that likely caught most observers off guard.' The bid-to-cover ratio, a measure of demand that gauges the number of bids against the amount of securities on offer, rose to 3.663 from 2.544 at the prior sale in May. At the auction last April, the ratio was 3.799.
Business Recorder
15 hours ago
- Business Recorder
Japan rubber futures hit one-year lows on supply outlook, weak China demand
SINGAPORE: Japanese rubber futures slid on Tuesday to their lowest levels in more than a year, pressured by weak demand for the tyre-making material in top consumer China and expectations of increased supply due to seasonal tapping. The Osaka Exchange (OSE) rubber contract for November delivery was down 5.3 yen, or 1.82%, at 285.6 yen ($1.99) per kg, as of 0207 GMT. Earlier in the session, prices hit 280 yen, their lowest point since February 13, 2024. The slide has been exacerbated by weaker-than-usual demand from tyre manufacturers, coupled with expectations that seasonal raw material output in June will meet or exceed forecasts, said a Singapore-based trader. 'As a result, the market anticipates a supply surplus, prompting futures traders to sell in advance,' the trader added. On the supply front, the tapping of domestic and foreign production areas is progressing smoothly, and the supply of raw materials will increase significantly in June, said broker Everbright Futures. Rubber crops usually undergo a season of low production from February to May, before a peak harvesting period that lasts until September. Meanwhile, the price war in automotive industries has squeezed profits, while downstream demand from semi-steel tyre enterprises has weakened, added Everbright. In China, an intensifying auto industry price war in China has stoked fears of a long-anticipated shake-out in the world's largest car market. Automobile sales could influence the intensity of automobile manufacturing, which involves using rubber-made tyres. Broadly, China's factory activity in May shrank for the first time in eight months, a private-sector survey showed on Tuesday, indicating U.S. tariffs are now starting to directly hurt the manufacturing superpower. The front-month rubber contract on Singapore Exchange's SICOM platform for June delivery last traded at 158.7 U.S. cents per kg, up 0.8%.
