Formal reapplication by Dec 2028: Pakistan completes fifth GSP+ review
ISLAMABAD: Federal Commerce Secretary Jawad Paul said on Thursday that the government has successfully completed its fifth review under the EU’s Generalised Scheme of Preferences (GSP) Plus status. He stated this while speaking as the chief guest at the launch of the Sweden–Pakistan Business Guide 2026–2028. He added that preparations are already underway for the formal re-application, which is…
Islamabad - The Pakistani government has successfully concluded its fifth review under the EU's Generalised Scheme of Preferences Plus (GSP+) status, according to Federal Commerce Secretary Jawad Paul. Speaking as the chief guest at the launch of the Sweden-Pakistan Business Guide 2026-2028, Paul emphasized that preparations for the formal re-application of GSP+ are underway, with a deadline of December 31, 2028.
GSP+ is considered the cornerstone of EU-Pakistan bilateral relations, and Paul expressed confidence that Pakistan's adherence to international obligations will facilitate a smooth transition into the new EU regulatory framework.
Ambassador of Sweden H.E. Alex Berg von Linde underscored that updating the bilateral investment treaty and maximizing the benefits of the EU's GSP+ scheme are crucial for Sweden's ongoing economic engagement in Pakistan. He confirmed that ongoing diplomatic discussions are underway to renegotiate and modernize the existing BIT between the two nations, in addition to the importance of GSP+ framework in facilitating trade, market access, and economic growth between Pakistan, Sweden, and the European Union.
The Sweden-Pakistan Business Guide 2026-2028, launched at the Swedish Residence in Islamabad, consolidates essential information on the bilateral business relationship and identifies opportunities for future trade, investment, and partnerships. With over 40 Swedish companies already active in Pakistan, the guide serves as an invaluable resource for companies, investors, government institutions, and other stakeholders interested in the Swedish-Pakistani business relationship.
It highlights priority areas for closer cooperation, including sustainable textiles, ICT & digitalisation, and responsible mining, under the "Made with Sweden in Pakistan" concept which underscores the value generated through the collaboration of Swedish technology, expertise, and ideas alongside Pakistani talent, businesses, and local knowledge.
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