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Pakistan

APP
April 2, 2019

Sweden keen to invest in Pakistan: Ambassador Ingrid Johansson

Pakistan

APP
Tue, Apr 02, 2019

RAWALPINDI: Sweden wanted to enhance bilateral trade and was keen to invest in Pakistan, said Sweden Ambassador Ingrid Johansson during her visit to Rawalpindi Chamber of Commerce and Industry (RCCI) here Monday.

The Envoy said that Sweden is eager on investing in Information Technology, telecom sector, renewable energy, education, academia, business development sector and environmental protection in Pakistan to further enhance the bilateral relation and assistance.

She urged Pakistan to train its population with a set of modern skills in new areas like start-ups, innovation and digitalisation, which are now major areas of sustainable economic development in Sweden.

She said Sweden desired to develop strong business contacts with Pakistan, and also focusing on the promotion of the small and medium enterprises in the country.

The Swedish ambassador informed that the bilateral trade volume between Pakistan and Sweden stood at around 370 million dollars.

She said Sweden was in the lead in exporting renewable energy to the neighbouring countries and Pakistan could benefit from Swedish experience and this would help Pakistan to achieve sustainable economic growth.

Highlighting the European Union Legislation on Environment, which envisages the reduction of Greenhouse Gases emission below 40%, she said that Sweden was strictly complying with the European Union protocol on environmental protection.

Ms Ingrid said Sweden had a population of ten million but had a higher GDP than Pakistan because we focused on quality education ( primary education), capacity building and sustainable development.

"There is need to open market and I believe Pakistan has huge potential," she added.

She lauded RCCI’s efforts in promoting trade and investment activities in the region through exhibitions and business opportunity conferences.

Earlier, President RCCI Malik Shahid Saleem in his welcome address said that Pakistan economy was an emerging economy and it offered a vast scope of joint ventures in the fields of pharmaceuticals, energy, food processing, and information technology.

He said that Pakistan was the best place for investment as things had remarkably improved.

He urged the envoy to improve people to people contacts and exchange of delegations.

He also gave a short briefing on RCCI current and upcoming events.