Nordic delegation visits Pakistan

Aims to bridge gap between companies of both regions

Our Correspondent April 13, 2016

ISLAMABAD: A business delegation, comprising representatives of over 40 companies, from the Northern Europe and North Atlantic region, conjoined in Islamabad on Monday for the Nordic Pakistan Business Summit.

The third summit - named Finland-Pakistan Business Summit - was held after the first two were successfully conducted in 2014 and 2015.

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“This year’s business summit was one of the biggest business promotional events ever done in Pakistan,” said Summit Chairman Wille Eerola.

He said that the idea was not just to take companies from countries like Finland, Sweden, Norway or Iceland to Pakistan but also to give Pakistani companies the opportunity to enter the lucrative Nordic market.

“This summit is aimed at building that bridge between companies of both regions,” added Eerola.

The summit discussed businesses in the sustainable energy, education and healthcare sectors; the three areas where experience and knowledge of the Nordic companies can benefit Pakistan.

The Nordic region is a world-leader in producing fossil-free energy; the consumption of wind energy in Denmark is the highest per person in the world.

Moreover, Norway is known for its oil reserves, over 99% of the electricity production in mainland Norway is covered by hydropower plants.

“Collaborations between the regions in the energy sector could go a long way to solving Pakistan’s energy crisis,” said the summit chairman.

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Also speaking on the occasion, Commerce Minister Khurram Dastgir Khan said that the venue of the summit is a message that Pakistan is safe for business and investment.

Published in The Express Tribune, April 13th, 2016.

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