PM Shehbaz, Singapore FM discuss trade, investment, digital economy cooperation

Prime Minister Shehbaz Sharif and Singaporean Foreign Minister Dr. Vivian Balakrishnan met in Islamabad on Friday to explore avenues for enhancing bilateral cooperation across various sectors. The two countries celebrated 60 years of diplomatic ties during the meeting. Dr. Balakrishnan urged Shehbaz to further fortify the strong friendship between their nations.

The prime minister commended Singapore's economic triumphs in innovation and development, emphasizing the significance of the Pakistan-Singapore partnership at bilateral and multilateral platforms, including ASEAN. Discussions focused on boosting trade and investment, collaborating in digital economy, fintech, infrastructure, logistics, SMEs, and services.

They also brainstormed ways to fortify economic collaboration and deepen people-to-people connections. Both leaders exchanged perspectives on regional and global matters, reaffirming their dedication to ongoing bilateral and multilateral engagement. Earlier, Deputy Prime Minister and Foreign Minister Ishaq Dar held a separate meeting with Dr. Balakrishnan, discussing bilateral relations and exploring cooperation in trade, investment, connectivity, and skills development.

The foreign ministers signed a memorandum of understanding on disaster management cooperation between Pakistan's National Disaster Management Authority and Singapore Civil Defence Force. The pact aims to bolster preparedness and response to natural disasters. Dr. Balakrishnan's visit aligns with the 60th anniversary of diplomatic relations and precedes Singapore's ASEAN chairmanship in 2027.