“Balochistan’s Mineral Resources Can Drive Pakistan’s Economic Growth”
Speaking at an event in Singapore, Senate Deputy Chairman Syedal Khan Nasir highlighted the potential of Balochistan in transforming Pakistan’s economic future. He stated that the province’s vast mineral resources and natural wealth could play a crucial role in strengthening the national economy.
“The people of Balochistan are patriotic and deeply connected to Pakistan. The idea of separation is not even a consideration for them. However, some foreign elements are trying to create unrest in the province through conspiracies. These efforts will be defeated through national unity and strategic policies,” said Nasir.
He further emphasized that Pakistan has always seen economic progress under Nawaz Sharif’s leadership, and now, under Shehbaz Sharif, the country is moving towards rapid development.
According to him, Pakistan must learn from Singapore, particularly in terms of policy consistency, to attract foreign investors and create a more stable economic environment.
Pakistan-Singapore Economic Relations: Insights from High Commissioner Rabiya Shafiq
Pakistan’s High Commissioner to Singapore, Rabiya Shafiq, also spoke on the occasion, stressing the strong diplomatic and economic ties between Pakistan and Singapore.
“Pakistan and Singapore share excellent relations, and there is great potential for Singaporean investment in Pakistan. However, our trade balance currently favors Singapore,” she said.
She pointed out that the current bilateral trade between Pakistan and Singapore stands at $1.2 billion, with Singapore accounting for 90% of the total trade volume. She emphasized that Pakistan needs to increase its exports and attract more foreign investment to create a balanced trade relationship.
“For Pakistan to attract large-scale investments from Singapore, policy stability is essential. Singaporean investors consistently highlight this concern on global platforms,” said Shafiq.
Investment Challenges and Opportunities: Dr. Naseem Shehzad’s Perspective
Dr. Naseem Shehzad, Chairman of Meinhardt Singapore, also spoke about investment opportunities in Pakistan and the steps needed to make the country an attractive destination for foreign investors.
“Foreign investment is key to Pakistan’s future growth, but the government must provide better facilities for investors,” he said.
He emphasized the need for:
• A One-Window Operation to simplify investment processes.
• A More Active Board of Investment (BOI) to attract and facilitate investors.
• A Stronger Role for the Securities and Exchange Commission of Pakistan (SECP) in ensuring transparency.
“Pakistan must ensure the protection of existing foreign investments. If investors see their capital is safe, they will be more likely to invest further,” Dr. Shehzad added.
Pakistan Must Learn from Singapore’s Economic Model
Experts agree that Pakistan has a lot to learn from Singapore’s success in attracting global investments.
By ensuring:
1. Stable and consistent policies
2. Investor protection and economic security
3. Increased trade partnerships
4. Efficient utilization of Balochistan’s resources
Pakistan can position itself as an attractive market for international investors.
If the government takes proactive steps to harness Balochistan’s potential and improve its investment climate, Pakistan can achieve long-term economic growth and stability.
