Sweden intends $300 mn investment in Pakistan

[Hyde]

Sweden intends $300 mn investment in Pakistan​

The Swedish trade delegation held a meeting with a team of the Sindh Government at the Chief Minister in Karachi. -Reuters File Photo
KARACHI: The Swedish government intends to have investment of dollars 300 million in Pakistan. This was stated by the Swedish Trade Minister, Ms. Ewa Bjorling, on Wednesday, says an official statement.

She was leading a high level 29-member trade delegation of Sweden which held a meeting with a team of the Sindh Government at the Chief Minister House in Karachi.

The Sindh Government team included Advisor to C.M. for Information, Ms Sharmila Faruqui, provincial secretaries of Irrigation and Power, Live-stock and Fisheries, and Planning and the Secretary to Sindh Chief Minister.

Sweden’s Minister of Trade thanked the Sindh Government for the warm welcome of delegation and said that her delegation is on visit of Pakistan for exploring the possibilities of investment.

She said that the Government of Sweden intends to have investment of $300 million in Pakistan.

Ms. Ewa Bjorling, said that her country wants to participate in projects of the energy sector particularly solar and wind energy, losses of transmission lines, education, particularly the technical education, tourism, industries, agriculture, public- private partnership, livestock, fisheries sectors.

Sweden’s Minister for Trade further informed that the delegation comprised 700 various companies participating in Stockholm Chambers of Commerce, Swedish Trade Council, Atlas Copco Rock Drills AB, Export & Trade SAAB AB, Swedish Export Credits Guarantee Board, Ericsson, Solarwave, Jonkoping Business School, Shanbka, Swedfund and others.

She stressed the need of coordination and collaboration in all fields and said that Swedish team will further meet after one month and necessary matters will be discussed to finalise the further process.