Temasek Holdings
Singapore is also one of the largest investors in Pakistan. with investment around US$2 billion. Singapore government investment arm Temasek Holdings acquired majority share of PICIC for US$339 million in June 2007 through NIB Bank, a subsidiary of Temasek Holdings. Singapore SingTel purchased a 30% stake in Pakistan Warid Telecom for US$758 million in June 2007.