Investment from Singapore welcomed

SINGAPORE (APP) - Pakistan on Saturday, welcoming interest of the Singapore companies to diversify their investment in Pakistan, assured to offer them enormous opportunities, facilities and investment friendly atmosphere. High Commission of Pakistan to Singapore Syed Hasan Javed, while addressing a group of investors at a dinner reception hosted by him, said Pakistan offered enormous opportunities to foreign investors. The dinner reception was attended by group of forty CEOs and CFOs of prominent Singapore companies and chairmen of prominent Singaporean trade bodies as well as prominent Pakistani professionals and businessmen. The ambassador briefed them on Pakistans economic potential, resource endowments, investment policies and opportunities for partnership with foreign investors. He said that global economic and financial situation was undergoing a rapid transformation and it was necessary for all companies to diversify for profit sustainability and economic survival. The ambassador said Pakistans mineral resources were many trillion worth of dollars and it enjoyed a demographic dividend and vibrant agriculture. He said 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. He said over 700 multinational companies are already doing profitable business in Pakistan and foreign companies are allowed 100 percent repatriation of their equity, profit and dividend and enjoy full protection under law.

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