Singapore’s businessmen visiting Pakistan to explore trade opportunities
KARACHI: A high profile trade delegation of Singapore Business Federation (SBF) is visiting Pakistan from 24th February to 3rd March, 2019 to explore the business opportunities and enhancement of the bilateral trade and economic relations.
The delegation comprises businessmen and investors from construction, real estate, infrastructure development, oil & gas, ICT, agriculture, wholesale rrade (including FMCG & seafood), logistics and education sectors.
On the occasion, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is organizing a Business Network Session on 25th February at FPCCI Head Office, Karachi, which will provide an opportunity to Pakistani businessmen to interact and have B2B meetings with Singaporean businessmen for enhancement of trade and joint ventures.
This is the first ever business mission of Singapore visiting Pakistan and formulated by SBF in association with a Singapore’s Government Agency Enterprise Singapore (ESP).
Singapore is an important trading partner and investor in Pakistan.
Presently the bilateral trade volume between Pakistan and Singapore is $1.03 billion with export volume of $73 million and import volume of $970 million.
Pakistan’s exports to Singapore mainly include kino, rice, mangoes, spices, readymade garments, hosiery and carpets and imports from Singapore include refined petroleum products, hydrocarbons, computer accessories, machinery, telecommunication equipment, scrap and steel.
Singaporean companies are already invested in financial and telecom sectors of Pakistan.