ISLAMABAD: Denmark has launched a three-year partnership with Pakistani institutions to enhance energy planning, data management, and grid efficiency, officials said during a bilateral meeting in Islamabad.
The collaboration comes as Pakistan’s industrial sector increasingly shifts to solar and other renewable energy solutions, reducing pressure on the national grid but creating new challenges for grid revenue models.
Federal Minister for Commerce Jam Kamal Khan met with Denmark’s Ambassador to Pakistan to discuss strategies for re-integrating industries into the grid and expanding new industrial demand to ensure long-term sustainability.
The minister acknowledged that temporary tax measures under the IMF program have created short-term business pressures but assured that the government plans to gradually ease the burden. He highlighted stabilizing foreign reserves, strong remittance growth, and resolution of foreign business repatriation issues.
Danish companies expressed interest in Pakistan’s agricultural and IT sectors, though some remain cautious due to legal and certification constraints. Minister Khan noted that Pakistan’s IT sector produces around 80,000 graduates annually and offers competitive operational costs, while the cosmetics and personal care industry is gaining traction in African markets.
He invited Danish firms to participate in upcoming trade exhibitions in Lahore and Karachi. Both countries committed to strengthening commercial ties through business-to-business engagement and exploring cooperation in trade, renewable energy, IT, and market expansion. Officials also noted that improved travel advisory protocols could facilitate greater Danish business participation in Pakistan.
