- Minister lauds Singaporean businessmen for taking a keen interest in Pakistani market, assures them of complete support
ISLAMABAD: Finance Minister Asad Umar said on Thursday that the government was striving hard to promote ‘ease of doing business’ in the country by facilitating both domestic and foreign investors with various incentives, including rationalization of the tax regime.
Talking to a visiting Singaporean business delegation, he said the business community would be facilitated further in the upcoming budget 2019-20.
He informed the delegation that Pakistan held Singapore in high esteem and welcomed its businessmen to invest in different sectors, assuring them of all-out support and facilitation.
On the occasion, leader of the delegation and Middle East Business Group Chairman Shamsher Zaman said the Singaporean businessmen were eager to invest in Pakistan after seeing the resolve and eagerness of the present government towards facilitation of the foreign investors.
He said Singapore currently has a huge trade volume in which the share of Pakistan was insignificant. He desired for efforts to promote trade and business linkages between the two countries.
The delegation showed a keen interest to invest in infrastructure, information and communications technology, healthcare, airports/ports management and other sectors.
The visiting businessmen were also apprised of the investment opportunities in different special economic zones across the country and the key features of the liberal investment regime offered by the government.
It is pertinent to mention that the delegation is undertaking a week-long visit to Pakistan to explore business and investment opportunities in different sectors.
It comprises of senior representatives from top-level companies, including Cargill International Trading Pte Ltd; Global Radiance Ship Management Pte Ltd; Hirsk Group Pte Ltd; Imaging the World Pte Ltd; IPL Group Pte Ltd; Kwee Gee Pte Ltd; Lea Tat Chemicals Pte Ltd; Linkers (Far East) Pte Ltd; Mystic Pte Ltd; Pacific Delta Shipping (Pvt) Ltd; Prime Structures Engineering Pte Ltd; U&P Pte Ltd and Unicell Paper Pte Ltd. Among others, the Board of Investment secretary was also present.
