Denmark keen to exploit business potential in Pakistan

The Ambassador of Denmark to Pakistan, Jesper M. Sorensen on Sunday said that his country was keen to exploit the business potential in Pakistan for bolstering trade between the two countries and Danish Pakistanis could play a pivotal role in this regard, said an official press release. The Danish envoy said that it was the first time that Denmark had set up a Commercial Section in Islamabad, dedicated to explore avenues of investment for Danish companies which saw Pakistan a new market though they had some concerns. There are 2500 Danish of Pakistani origin living across Denmark who have contacts back home and can be very helpful in promoting trade between the two sides, he added. Jesper said that Pakistan at the moment is exporting about USD 169 million of goods mainly textiles besides providing Information Technology services to Denmark while Danish exports to Pakistan are worth USD 224 million, comprising special machinery, chemicals and pharmaceuticals items. The Ambassador further said, "We want higher trade between the two countries. Our exports to Pakistan are reasonable and Denmark wants to export more to Pakistan that shows that is a great potential." Pakistan is currently facing acute power shortage and Danish companies could help it generate electricity through wind power by investing in Sindh Corridor that according to a recent survey had a potential of producing 55000 MW wind power.