Pakistan and Denmark engage in discussions to boost collaboration across several industries.

On Saturday, Commerce Minister Jam Kamal Khan had a meeting with the Danish ambassador to Pakistan, Maja Derrous Mortensen, to explore avenues for augmenting bilateral trade, investment partnership, and cooperation in the energy sector between the two nations, as reported by the Pakistani commerce ministry.

The minister emphasized Pakistan’s current stabilization efforts under a $7 billion International Monetary Fund (IMF) program, indicating that the nation’s foreign reserves are stable and remittances have exhibited robust growth.

The two parties engaged in a comprehensive dialogue regarding Pakistan’s energy industry, specifically the industrial transition towards solar and renewable solutions that has alleviated pressure on the national grid.

The Danish envoy informed the minister about Denmark’s current three-year collaboration with Pakistani institutions aimed at enhancing energy planning, data systems, and grid efficiency, as stated by the commerce ministry.

The ambassador indicated Danish commercial interest in Pakistan’s agricultural and IT sectors, saying that several companies exercise caution due to legal and certification limitations, according to the ministry.

The minister urged Danish companies to investigate Pakistan’s rapidly expanding IT talent pool, which generates approximately 80,000 graduates each year and provides competitive operational expenses.

This event occurs as Pakistan seeks to enhance trade and foreign investment to rejuvenate its economy, valued at over $400 billion, following a prolonged economic crisis that nearly led to default in 2023.

Khan extended an invitation to Denmark to partake in forthcoming trade shows in Lahore and Karachi, expressing optimism that enhancements in travel advisories would facilitate increased participation.

He also informed Ambassador Mortensen about Pakistan’s swiftly expanding cosmetics and personal care sector, which has recently acquired momentum in African markets due to competitive pricing and an increasing range of products.

The commerce ministry stated, “Both parties reiterated their dedication to enhancing commercial connections, facilitating business-to-business interactions, and investigating new opportunities for collaboration in trade, renewable energy, information technology, and market expansion.”