Pakistan assorts its foreign policy by expanding relations with multiple countries to attract investment. Norway was the second largest investor in telecommunication field in Pakistan and more Norwegian companies were taking interest in its market.
Ambassador of Norway affirmed that his country was more interested in investment than trade in Pakistan as it was an important market of South Asian region.
Minister for Foreign Affairs Shah Mahmood Qureshi invited the Norwegian companies to invest in Pakistan in renewable energy, water and waste management, fisheries, and ports and shipping.
Norway was endowed with rich natural resources including petroleum, hydropower, forests and minerals and it should cooperate with Pakistan in hydropower generation, exploration of oil and gas and minerals. Pakistan could export food products including seafood, textiles, leather and many other products to Norway.
During his convention with Norwegian corresponding person, Ine Eriksen Soreide, on the sidelines of Sir Bani Yas Forum in Abu Dhabi, the foreign minister urged the Norwegian firms to imitate the successful business model of Norwegian telecom firm Telenor in the country.
Recognizing the optimistic developments in bilateral relations, the two overseas ministers stressed upon the need to further promote bilateral relations in all areas of mutual interest, including political, economic, trade and investment, education, culture and parliamentary exchanges.
The two foreign ministers appreciated the role of a vibrant Pakistani diaspora in Norway, which acted as a bridge between the two countries and expressed satisfaction that it was positively contributing bringing the two countries closer through people-to-people contacts.
Foreign Minister Ine Eriksen Soreide invited the Foreign Minister Qureshi to visit Norway. Pakistan will have to make itself a predictable, secure and commercial destination to attract more Norwegian investment.
Pakistan was a promising country for foreign investors. So, a better growth of Pakistan’s economy would make it more interesting to Norwegian investors.