More than 40 Swedish companies operating in Pakistan are grappling with significant challenges, including high tax rates, steep energy costs, and restrictions on transferring foreign currencies, according to Ambassador of Sweden Alexandra Berg von Linde.
 These issues, she said, are major obstacles to fostering foreign investment and improving trade ties.Speaking at a meeting with the Karachi Chamber of Commerce and Industry (KCCI), the ambassador highlighted that these Swedish companies, many of which are globally recognised brands, have been present in Pakistan for decades.
 "These companies have supported Pakistan's growth and are well-acquainted with the complexities of the local business climate," she stated.While these businesses recognise Pakistan's investment potential, addressing these challenges is critical for creating a more conducive environment for foreign investors, she added.The ambassador also underlined Sweden's keen interest in deepening collaboration with Pakistan, particularly in areas like sustainability, digitalisation, and green transitions.
"These areas offer a win-win opportunity for both countries. For Pakistan to stay competitive and relevant in the EU market, a green transition is essential," she said.