Singapore Offers Its Expertise for PM’s Low-Cost Housing Scheme

low-cost housing scheme

Singapore has offered its expertise to Pakistan in urban planning for the construction of 5million low-cost housing scheme which was announced by the PM—Imran Khan in the span of next 5 years.

Shamsher Zaman—the Ambassador of Singapore to Jordan gave the offer while addressing the business leaders at the Federation House, saying that Pakistan has brought improvements in the business atmosphere while Singapore could provide help to the federal capital for the construction of 5million low-cost houses as promised by the PM Khan.

It is important to mention that the visiting ambassador is also serving as the vice chairman of South Asia Business Group and chairman of the Middle East Business Group who reached in besides the 22-member delegation which included the investors and businesspersons.

Singapore also wanted to do cooperation with Pakistan in various divisions which include information technology, infrastructure, and port management as informed by Zaman.

Also Read: Sindh Govt Asked to Launch Low-Cost Housing Scheme

He appreciated the efforts put in by the Pakistan Tehreek-e-Insaf government for bringing economic reforms and national stability. He emphasized that both the nations have got the potential to boost bilateral ties.

Ali Haider Zaidi—the Federal Minister for Maritime Affairs who was the chief guest on the occasion also addressed the event and said that the government was diverting the Chinese investment to special economic zones and industrial division under the CPEC project.

The President Federation of Pakistan Chambers of Commerce and Industry—Daroo Khan Achakzai on the occasion expressed hopes for the reconsideration of Pakistan-Singapore free trade agreement (FTA) as it was delayed getting to the final phase.

Achakzai said that Pakistan was the 2nd largest economy in the South Asian region and its exports to Singapore stands at $68million only and imports are at $865million. He offered that Pakistan could export its agricultural products to Singapore.

More Read: UAE, Qatar Ready for Making Big Investment in Pakistan

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