Aeon
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Sweden keen to invest in Pak IT, energy sectors
Published: November 30, 2010
ISLAMABAD - Federal Minister for Commerce Makhdoom Amin Fahim on Monday said that the European Union’s decision to grant Pakistan tariff concessions on 75 tariff lines would help the country to revive the economy in the post-flood situation.
He stated this while talking to his Swedish counterpart Mrs. Eva Bjorling who met with him along with a sixteen-member trade delegation in the Ministry of Commerce here.
Eva Bjorling ensured the Minister that her government would help Pakistan in infrastructure and rehabilitation after flood devastation in the country, which was of severe nature. The delegation was told that Pakistan had a tremendous potential in wind energy sector, and coastal areas of Sindh and Balochistan are ideal for making investment by the Swedish companies. The visiting Minister showed interest to increase investment in the areas of IT, power generation and energy. SAAB and Ericson are some of the Swedish compan-ies, which have already invested in Pakistan.
Thousands of Pakistanis are getting higher education in Swedish universities as well as doing jobs, and contributing to the economy of Sweden, she said. She showed interest in seeking more skilled labour from Pakistan. Sweden is one of the important trading partners of Pakistan in EU, and the bilateral trade between the two countries has reached US $ 212 million in 2009-10. Pakistan exports textile material, rice, carpets, rugs and sports goods to Sweden, and imports machinery parts, chemicals, metals and steels.
Published: November 30, 2010
ISLAMABAD - Federal Minister for Commerce Makhdoom Amin Fahim on Monday said that the European Union’s decision to grant Pakistan tariff concessions on 75 tariff lines would help the country to revive the economy in the post-flood situation.
He stated this while talking to his Swedish counterpart Mrs. Eva Bjorling who met with him along with a sixteen-member trade delegation in the Ministry of Commerce here.
Eva Bjorling ensured the Minister that her government would help Pakistan in infrastructure and rehabilitation after flood devastation in the country, which was of severe nature. The delegation was told that Pakistan had a tremendous potential in wind energy sector, and coastal areas of Sindh and Balochistan are ideal for making investment by the Swedish companies. The visiting Minister showed interest to increase investment in the areas of IT, power generation and energy. SAAB and Ericson are some of the Swedish compan-ies, which have already invested in Pakistan.
Thousands of Pakistanis are getting higher education in Swedish universities as well as doing jobs, and contributing to the economy of Sweden, she said. She showed interest in seeking more skilled labour from Pakistan. Sweden is one of the important trading partners of Pakistan in EU, and the bilateral trade between the two countries has reached US $ 212 million in 2009-10. Pakistan exports textile material, rice, carpets, rugs and sports goods to Sweden, and imports machinery parts, chemicals, metals and steels.
