Sweden Intends to Invest in Pakistan

Sweden

Ingrid Johansson—the Sweden Ambassador during her visit to Rawalpindi Chamber of Commerce and Industry (RCCI) said that Sweden wants to increase the bilateral ties and is interested in investing in Pakistan.

The Ambassador said that Sweden is keen on making investments in Information Technology, renewable energy, academia, telecom sector, education, environmental protection and business development sector in Pakistan for further boosting the bilateral ties and assistance.

She added that Pakistan needs to train its population with different modern skills in new areas like start-ups, digitalisation and innovation, which are now the significant areas of sustainable economic development.

Johansson further said that Sweden wishes to make strong business contacts with Pakistan and is focusing on the development of the small and medium enterprises in the nation.

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She informed that the bilateral trade volume between the two nations was at nearly 370million dollars.

She added that in the sector of renewable energy Sweden was in the lead to export it to its neighbouring countries and Pakistan could take advantage from the Swedish experience and this would help Pakistan in acquiring sustainable economic growth.

Sweden had a population of 10million but had a higher GDP than Pakistan as they focused on providing quality education, sustainable development and capacity building.

She added that there is the need to open market and that Pakistan has got excessive potential.

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

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