We did it already three times. After two very successful Finland-Pakistan Business Summit events everything just got bigger and we were pleased to host the first Nordic Pakistan Business Summit in Islamabad, Pakistan on 11-12 April, 2016. The numbers are already pretty impressive; over 450 participants and over 200 companies in total have already joined our platform in two years. We have actually taken over 60 companies from Finland and Nordic region to Pakistan, which is pretty remarkable volume in just two years. And even more remarkable is that fact that many of these companies have done a lot of business thanks for the decision they made to participate the Summits!
The platform opening the eyes of business people to recognise the opportunities in the Pakistani market. And vice versa; telling Pakistani companies about the business opportunities in the Nordic market. And for us Nordic market means Finland, Sweden, Denmark, Norway, Iceland and also the Baltic countries Estonia, Latvia and Lithuania. Business? Just based on talks, meetings and negotiations taken place at the Summit days we know that concrete contracts for over 25 million Euros have been signed so far!
So, you should be ready for the next ones because there are actually two come already: First of all, NPBS flies to Nordic and NPBS Helsinki Edition 2016 takes place in Helsinki, Finland in Fall 2016 – please follow the News section for details . Then next spring we are all back in Pakistan for the NPBS 2017 on April 25-26, 2017! More to come very shortly. This time companies need to act quickly so please follow the “News” section!
Pakistan is a huge market of almost 200 million people with 6-7 per cent GDP growth, growing middle-class keeps the society running and developing in the near future too. Currently there are several major projects going on e.g. in infrastructure and construction offering plenty of opportunities to Nordic companies. Simultaneously the Pakistani companies are looking for new markets for their products and production and the Nordic region with a strong purchasing power is a perfect area to be researched.
Why a Nordic Summit? Accessing a new market requires recognition and countries like Pakistan it needs to be done through visible actions. When you are entering a huge emerging market like Pakistan every Nordic country is a pretty small player, especially if you are a SME company. And even many big Nordic corporations don’t know Pakistan, it’s current economical status with such a big business opportunities. That is why we are taking companies from Sweden, Finland, Norway, Denmark and Iceland to Pakistan. Together the Nordic market comes pretty strong player and competitive against bigger European countries so taking Nordic companies together to Pakistan makes a lot of sense. Competitors in the same event at the same time? We would encourage you take a another view: big and visible event with large delegation of Nordic companies will also bring the best Pakistani companies and the representatives of Federal and Provincial Governments. Summit brings companies together – rest of the story is just business. The big question for Nordic companies is easy: can you really afford to skip a market with 200 million people and 7% annual GDP growth?
Business for Nordic companies in Pakistan? We see huge possibilities e.g. in energy sector like solar, wind, waste to energy and hydro, widely in the whole IT/ICT sector, educational sector, health care, food production and distribution, CleanTech and environmental technologies – especially everything related to water and waste water, within those huge infrastructural development projects basically mandatory in Pakistan during the coming years, whole defence & security sector and so on – just a few examples. Please contact us for more information and we can tell more about possibilities for your company.
Nordic market for Pakistani companies? Simultaneously Nordic market is still pretty unknown among Pakistani companies who have traditionally done most of their business in Europe with UK, Germany and France. For our Pakistani friends our message is clear: you should think out of the box, simple as that. The Nordic common market is a 26 million market with a high purchasing power that most of the Pakistani companies don’t recognise. It is obvious that Pakistan has plenty to offer and like H.E. Mr. Muhammad Tariq Zameer, Ambassador of Pakistan to Sweden and Finland says in his welcoming words it is now time participate, see and explore Pakistan!
“I believe that both sides have the same challenge. Nordic companies don’t understand the dynamics and opportunities of the Pakistani market and Pakistani companies don’t understand the purchasing power of the common Nordic market with only 26 million people”
Mr. Wille Eerola, Chairman of the Nordic Pakistan Business Summit
Over the years many companies have asked us to organize a business delegation to Pakistan, understanding the possibilities existing for good cooperation between business people from both countries. Those companies realised that there must be that ‘other Pakistan’ too, something not so often reported on international media. Based on the positive development and clearly more corporate friendly environment in the current Pakistan, we decided to make it happen a few years ago and also decided to create an annual event supporting the growing need of information about Pakistan. Summit is bringing together the best selection of Pakistani and Nordic companies for understanding, communication, networking and new business. All our organizing team consists of business people and therefore our focus is on new business only, really making it happen through professionally tailored matchmaking. From Business to Business.
The Business Summit is usually two effective and productive days, one with overall brief about Pakistan and the business opportunities, another ones with tailored and pre-scheduled face-to-face meetings with the representatives of the business and corporate life, government and other valuable business sources. Every meeting is tailored by the special requirements every company and delegate might have and planned for new business and business relations.
And if you have any special requirements or business needs just let us know. Whether you are looking for new clients, distributors, partners for JV or trade or just interested to browse the market more we can make it happen to you during the Nordic Pakistan Business Summit!
Over the last few years Pakistan has suffered plenty of the bad image on the international media and sure for real reasons too. But that is not the whole story: the bright spotlight of the media on the country’s negative side has also left the business opportunities that the emerging country provides in shadows. Even that Pakistan was not maybe really able to reach all the highest expectations becoming the next super-emerging market after Brazil a few years ago the economical growth has been relatively stable recently. Pakistan’s economy is expected to grow by 7 per cent in 2016, inflation rate has been record-low in 2015 with only 3.2% and e.g. World Bank and IMF has been satisfied with the latest development of the country. Read more about latest in Pakistan in the News section.
But Pakistan is a also a huge country with some differences between the provinces but definitely with plenty of opportunities for Nordic businesses and companies. See also the World Bank data about Pakistan here. Despite the challenges Pakistan – one of the world biggest countries with 200 million people – is clearly developing and growing. Parliament election was held in spring 2013 and the new Government has worked hard supporting the corporate sector, new entrepreneurship and foreign investments to help the country to jump back to that positive curve of development. The Government of Pakistan published in 2014 the list of over 30 state state-owned companies taken into privatization process, the long expected auction of 3G license took place in April 2014 boosting the online business in Pakistan , and the country is working closely with World Bank, IMF, ADB but also with the foreign governments for the better future. Definitely plenty of interesting development taking place in Pakistan so every company in the Nordic region looking for new business and customer should come and see the market with their own eyes. Reality is very different that you might think and despite the obvious challenges Pakistan is doing pretty well. Read more in the ‘News’-section.
The reason why we originally decided to establish the Business Summit concept is clear: we do believe that Pakistan can offer plenty of opportunities to Finnish, Swedish, Norwegian, Danish and other Nordic and Baltic companies looking for new business and growth outside their home European Union market and those opportunities should be explored right now! But this is not only about Nordic companies going to Pakistan, this is also about Pakistani companies seeing the opportunities in the whole Nordic region and further to European Union can offer to them.
If you are ready to make new business we would welcome you to join us for the next NPBS events! First the NPBS Helsinki Edition in Finland in Fall 2016 and then back in Pakistan for NPBS 2017 on 25-26 April, 2017! Please follow the “News” -section for any updates.
P.S. You were looking at the picture above and you found yourself thinking whether that Pakistan is like that we would propose you to click here for more beautiful photos by two excellent photographers Mr. Tariq Sulemani and Mr. Gulraiz Ghouriat the webpage of the Embassy of Pakistan in Stockholm, Sweden.