Minister encourages Danish companies to explore Pakistan’s rapidly growing IT talent pool
Islamabad:
Federal Commerce Minister Jam Kamal Khan held a meeting with the Ambassador of Denmark to discuss ways to enhance bilateral trade, investment cooperation and energy sector cooperation between the two countries.
During the meeting, the minister highlighted Pakistan’s ongoing stabilization measures under the International Monetary Fund (IMF) loan program, noting that the temporary tax hikes created pressure on businesses but were necessary to meet revenue targets. He assured the envoy that the government intends to gradually ease the tax burden and improve the overall business environment.
Jam Kamal added that the issues of repatriation of profits and dividends had largely been resolved, foreign exchange reserves were stabilizing and remittances had shown strong growth. The two sides discussed in depth Pakistan’s energy sector, particularly the industrial shift towards solar and renewable energy solutions that has reduced demand on the national grid.
The Danish ambassador briefed the minister on Denmark’s ongoing three-year collaboration with Pakistani institutions to support energy planning, data systems and grid efficiency. Both sides agreed that bringing industries back on the grid – or expanding new industrial demand – was essential for long-term sustainability.
The ambassador also shared Denmark’s business interest in Pakistan’s agriculture and information technology sectors, noting that some companies remained cautious due to legal and certification restrictions.
The minister encouraged Danish companies to explore Pakistan’s rapidly growing IT talent pool, which produces around 80,000 graduates annually and offers competitive operating costs.
He invited Denmark to participate in upcoming trade shows in Lahore and Karachi, hoping that improvements in travel advice would allow for greater participation.
He also spoke about Pakistan’s rapidly growing cosmetics and personal care industry, which has recently gained traction in African markets due to its competitive prices and expanding product variety.
a href=”https://tribune.com.pk/story/2579794/denmark-assured-of-gradual-tax-reduction”>Source link
