A Swedish business delegation is set to visit Karachi to explore investment opportunities in Pakistan’s garment sector, according to the Pakistani commerce ministry. The announcement follows a meeting between Swedish Ambassador Alexandra Berg von Linde and Commerce Minister Jam Kamal Khan in Islamabad to discuss bilateral trade, investment, and areas of mutual cooperation.
Sweden, recognizing Pakistan’s strong textile export reputation, expressed keen interest in the country’s garment industry. The commerce ministry noted that Swedish small and medium-sized enterprises (SMEs) are particularly eager to explore opportunities, with a delegation expected to engage local manufacturers and explore export potential.
Pakistan and Sweden share longstanding diplomatic and trade relations since 1949. Bilateral trade reached $288.8 million in FY 2023-24, with Pakistan exporting $149.4 million and importing $129.4 million. Major Swedish companies, including H&M and IKEA, already source from Pakistan, and Commerce Minister Khan invited further investment in renewable energy, sustainable manufacturing, IT, and infrastructure.
During the meeting, Khan highlighted Pakistan’s potential in information technology, technical education, mining, surgical goods, and sports equipment, emphasizing opportunities for Swedish companies. He also announced plans to gradually reduce import tariffs to 15–20% over the next five years, aiming to boost exports and facilitate access to quality imported materials.
Both sides identified mining, renewable energy, green technologies, vocational training, and skill development as key areas for future collaboration. Khan further emphasized Pakistan’s skilled youth, particularly in healthcare, who could help meet labor shortages in Europe, including nursing professionals.
The upcoming Swedish delegation visit underscores the strengthening economic cooperation between Pakistan and Sweden, with the garment sector poised to play a central role in expanding bilateral trade.
