Pakistan’s Minister for Commerce Jam Kamal Khan has said that Pakistan will hold discussions with APM Terminals, a subsidiary of Maersk, on the development of a green deep-water container terminal in Karachi under the Pakistan-Denmark Government-to-Government (G2G) Framework during his upcoming visit to Denmark.
According to a press release, the minister made these remarks during his meeting with the Ambassador of Denmark to Pakistan, Jakob Linulf.
The minister noted that his forthcoming visit to Denmark would be a significant step in deepening relations and fostering collaboration across various sectors. “The visit will include discussions with APM Terminals, a subsidiary of Maersk, on the development of a green deep-water container terminal in Karachi under the Pakistan-Denmark Government-to-Government (G2G) Framework. In addition to strengthening maritime cooperation, the minister pointed out the importance of the upcoming EU Business Forum, scheduled to be held in Islamabad on May 14-15.”
The minister added that the forum would generate significant business opportunities and enhance economic collaboration between Pakistan and European Union countries, including Denmark.
Pakistan-Denmark trade volume
Minister Khan also extended an invitation to Danish businesses to explore Pakistan’s green initiatives and investment opportunities in the agricultural sector.
He highlighted that Denmark’s advanced technology could play a crucial role in modernising Pakistan’s agriculture, where Pakistan currently lags in innovation and mechanisation.
Remarkable increase
During the meeting, Minister Khan emphasised that Pakistan is moving in the right direction regarding economic cooperation and highlighted upcoming engagements that will further strengthen ties between the two nations.
Pakistan and Denmark have witnessed a remarkable increase in bilateral trade, with a 31 per cent surge recorded in the first eight months of FY 2024-25, bringing the total trade volume to $285.99 million.
Pakistan’s exports to Denmark grew by 27 per cent to $207.40 million, while imports from Denmark rose by 42 per cent to $78.59 million, showcasing a balanced and expanding trade relationship.
Key supporter
Furthermore, Denmark remains a key supporter of Pakistan’s GSP+ status within the EU, facilitating Pakistan’s preferential access to European markets, according to the press release issued by the government of Pakistan.
Denmark’s participation in Pakistan’s premier Food and Agriculture Exhibition in 2024 marked a milestone in expanding its engagement in Pakistan’s agri-business sector.
The meeting reaffirmed the commitment of both nations to strengthening trade ties through strategic engagements, sustainable investments, and mutual cooperation, paving the way for long-term economic prosperity.
