Pakistan Welcomes Singapore Investment
Islamabad: High Commission of Pakistan to Singapore Syed Hasan Javed hosted a Business Networking lunch on Saturday, 10 December 2011 at this Residence here for a group of forty plus CEOs (Chief Executive Officer) and Chief Financial Officers (CFOs) of prominent Singapore companies and Chairmen of prominent Singaporean Trade Bodies as well as prominent Pakistani Professionals and Businessmen, says a press release received here today from Singapore.
The High Commissioner briefed them on Pakistan’s economic potential, resource endowments, investment policies and opportunities for partnership with foreign investors. He said that global economic and financial situation were undergoing a rapid transformation and it was necessary for all companies to diversify for profit sustainability and economic survival. Pakistan is the next frontier for MNCs from Asia.
Pakistan offered enormous opportunities for foreign investors as a destination with 180 million population and a rare location advantage as a gateway to half of world’s population in India, China Central Asia, West Asia and Gulf Region.
Further, Pakistan’s mineral resources were many trillion worth of dollars and it enjoyed a demographic dividend and vibrant agriculture. Pakistan was ideally located in an energy rich neighbourhood and blessed with abundant energy resources of its own.
Pakistani manpower is hardworking, English knowing and quick at technologies assimilation and learning. Over 700 multinational companies are already doing profitable business in Pakistan. Foreign companies are allowed 100 percent repatriation of their Equity, profit and dividend and enjoy full protection under law.
Pakistan welcomes interest of the Singapore companies to diversify their investment, for mutual benefit.
For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326