ISLAMABAD, Feb 28 (APP):Finance Minister, Asad Umar, said Thursday that the government had taken steps for ease of doing business and had been facilitating both domestic and foreign investors with various incentives including rationalization of tax regime.
Talking to a visiting Singapore business delegation, he said more such steps were envisaged in the 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 this occasion, leader of the delegation Middle East Business Group Chairman Shamsher Zaman said Singapore businessmen were encouraged to invest in Pakistan seeing the resolve and eagerness of the present government to facilitate foreign investors.
He said Singapore currently had huge trade volume in which share of Pakistan was very insignificant. He desired for efforts to promote trade and business linkages between the two countries.
The delegation expressed keen interest to invest in infrastructure, Information and communications Technology, 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.
It is pertinent to mention here that the delegation has been undertaking 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, Secretary Board of Investment was also present.