Umar meets Singapore’s trade team

ISLAMABAD: Finance Minister Asad Umar told a business delegation from Singapore that the present government had taken steps for ease of doing business and facilitating both domestic and foreign investors with various incentives, including rationalisation of tax regime.

He met with the delegation for a meeting on Thursday, with Board of Investment Secretary also present on the occasion.

The finance minister said that more such steps were envisaged in the budget 2019-20. Umar 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. 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.

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.