Federal Minister for Commerce Jam Kamal Khan held a meeting with the
Ambassador of Denmark to discuss ways to enhance bilateral trade, investment
cooperation, and energy-sector collaboration between the two countries.
During the meeting, the Minister highlighted Pakistan’s ongoing stabilization
measures under the IMF program, noting that temporary increases in taxation had
created pressure on businesses but were necessary to meet revenue targets. He
assured that the government intends to gradually ease the taxation burden and improve
the overall business environment.
He added that repatriation issues have largely been resolved, foreign reserves
are stabilizing, and remittances have shown strong growth.
The two sides had an in-depth discussion on Pakistan’s energy sector,
particularly the industrial shift toward solar and renewable solutions that has reduced
demand on the national grid.
The Danish Ambassador briefed the Minister on Denmark’s ongoing three-year
partnership with Pakistani institutions to support energy planning, data systems, and
grid efficiency.
Both sides agreed that bringing industries back to the grid—or expanding new
industrial demand—is essential for long-term sustainability.
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The Ambassador also shared Danish business interest in Pakistan’s agricultural
and IT sectors, noting that some companies remain cautious due to legal and
certification constraints.
The Minister encouraged Danish firms to explore Pakistan’s fast-growing IT
talent pool, which produces about 80,000 graduates annually, and offers competitive
operating costs.
The Minister invited Denmark to participate in upcoming trade exhibitions in
Lahore and Karachi, expressing hope that improvements in travel advisories would
enable greater participation. He also briefed the Ambassador on Pakistan’s rapidly
growing cosmetics and personal care industry, which has recently gained traction in
African markets due to competitive pricing and expanding product variety.
Both sides reaffirmed their commitment to strengthening commercial linkages,
supporting business-to-business engagement, and exploring new avenues of
cooperation in trade, renewable energy, IT, and market expansion.
