Sweden says Pakistan energy, transport sectors bright for investment

Islamabad, July 10, 2012 (PPI-OT): Ambassador of Sweden to Pakistan Lars-Hjalmar Wide on Tuesday said his country is interested in promising energy and transport sectors of Pakistan.

He said that Sweden can prove a good market for Pakistani fruits, vegetables, meat. Leather, sports goods and textiles if potential is exploited properly.

Lars-Hjalmar Wide said this while speaking to Sheikh Humayun Sayeed, Chairman FPCCI Standing Committee on Diplomatic Affairs and Malik Sohail, Chairman Media FPCCI.

The Ambassador informed that Swedish Chambers of Commerce has organised a delegation which will explore possibilities of investment in green energy in Pakistan.

Similarly, Volvo is interested in exporting busses to Pakistan, he added.

He lauded the role of Pakistan’s embassy in Stockholm in promoting bilateral trade but added that that perception of Pakistan is barring some investors from his country from launching projects here.

Wide said that Swedish companies like Tetra Pak, Millicom International Cellular, Saab Automobiles and GAC Logistics were operating successfully in Pakistan which is an incentive for other companies.

However he regretted that Skanska AB, a multinational construction and development company completed construction of a dam in AJK in 2000 but they are still awaiting payment which is sending very wrong signals.

The Ambassador of Sweden assured the FPCCI officials that intending investors of Sweden will be briefed about opportunities in Pakistan.

He called upon frequent visits of private sectors and federal chambers aimed at boosting bilateral trade.

The envoy said that EU package to Pakistan may not be as good as many hoped but its symbolic value is very important.

At the occasion, Sheikh Humayun Sayeed, Chairman FPCCI Committee on Diplomatic Affairs assured support in resolving problem of outstanding payment.

Demanding transfer of technology, relaxations in trade and close coordination between business communities of two countries, he said that the situation is quite different here then perceived.

Sayeed said that all facilities would be extended to incoming Swedish delegation so that they can help Pakistan overcome energy crisis which has reduced GDP growth by 2 per cent.

Malik Sohail Hussain said that Sweden’s focus on introducing environment friendly technologies will also help reduce impact of emissions.

For more information, contact:
Syed Masood Alam Rizvi
Secretary General
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Karachi-75600, Pakistan
Tel: 0092-21-35873691, 93-94
Fax: +9221 3587 4332
Email: info@fpcci.com.pk
URL: www.fpcci.com.pk