Daily The Business

PCJCCI Initiates Business Matchmaking with Singapore

Our special Correspondent
Lahore: Pakistan and Singapore need to exchange frequent trade
delegations to explore the huge trade potential between the country
countries. It was stated by Mr. Shah Faisal Afridi, President,
Pakistan China Joint Chamber of Commerce and Industry at a meeting
with a high powered trade and investment Delegation of Singapore. The
delegation having a number of the prominent businessmen and
representatives of Singapore’s leading enterprises was headed by Mr.
Shamsher Zaman, Chairman of Middle East Business Group and Vice
Chairman of South Asia Business Group of Singapore. Mr. S.M. Naveed,
former President PCJCCI and a number of the executive committee
members also attended the meeting.

PCJCCI President, Mr. Shah Faisal Afridi, while welcoming the
delegation said that, Pakistan is the second largest economy in
South-Asia,    Pakistan’s exports to Singapore was only 68 million US
dollars while its imports from Singapore were 865 million US dollars
which is highly in the support of Singapore. He further highlighted
that, Singapore and Pakistan has been cherishing bilateral relations
from a decade but the volume of trade -933 million US dollar in 2018-
is not up to theactual potential of trade. We need to exchange
frequent trade delegations to explore the full trade potential
existing between the two countries, he said.

Mr. S.M. Naveed, Former President PCJCCI incited while identifying the
potential business opportunities,  that Pakistan is the hub of
agriculture and offered world best fruits and vegetables for export to
Singapore. Moreover, Allah Almighty has blessed Pakistan with good
quality of mines and minerals and agri-products besides its strategic
location. He therefore, invited the Singaporean investors to invest in
Pakistan in the areas of energy, infrastructure, healthcare,
education, consumer goods, professional services etc.

Speaking on this occasion Mr. Shamsher Zaman, leader of the
Singaporean delegation said that Pakistan was one of the first
countries to recognize Singapore soon after its independence in 1965.
He promulgated that Singaporean expertise and experience in urban
planning and ports and shipping can be beneficial for Pakistan in
construction of 5 million low cost houses in the next five years and
development of shipping sector.

PCJCCI conducted various B2B meetings with the, invited Singaporean
investors to invest in Pakistan in the areas of energy,
infrastructure, healthcare, education, consumer goods, professional
services etc. In addition to it, the PCJCCI President added that the
CPEC offered huge opportunities of investment for a wider region,
bringing economic development, greater connectivity and regional
security.

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