Singapore business delegation meets Finance Minister Asad Umar

ISLAMABAD: Finance Minister Asad Umar received the visiting Singapore business delegation for a meeting here on Thursday. Secretary Board of Investment was also present on the occasion.

Finance Minister said the present government had taken steps for ease of doing business and facilitating both domestic and foreign investors with various incentives including rationalization of tax regime.

He said more such steps were envisaged in the budget 2019-20. He said Pakistan held Singapore in high esteem and welcomed its businessmen to invest in different sectors. He assured them of all out support and facilitation.[the_ad id=”32940″]Leader of the delegation, Shamsher Zaman, Chairman, Middle East Business Group, said Singapore businessmen were encouraged to invest in Pakistan seeing the resolve and eagerness of the present government to facilitate foreign investors, Press Information Department PID reported.

He said Singapore currently had an overall $800 billion trade volume in which share of Pakistan was not very significant. He desired for efforts to promote trade and business linkages between the two countries. The delegation expressed keen interest to invest in infrastructure, ICT, healthcare, airports / ports management and other sectors.

The delegation was also apprised of investment opportunities in different special economic zones across the country and the key features of the liberal investment regime offered by the Government of Pakistan.

The delegation is undertaking week long visit to Pakistan to explore business and investment opportunities in different sectors.

It includes 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.

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