Austria To Invest In Pakistan

Pakistan is always looking for opportunities for other countries, and investors to invest in Pakistan, and Pakistani startups. And as such, on Thursday, some potential investment opportunities in petroleum, energy, financial and technological industries opened up for Austrian investors. At the meet-up, it was decided that this would open more facilities for the people of the two countries, and boost the foreign relations between both Pakistan and Austria.

The Board of Investment (BOI) organized the meet-up, where Minister of State and Chairman BOI, Muhammad Azfar Ahsan, Advisor to PM on Commerce and Investment Abdul Razak Dawood, Vice President of Austrian Federal Economic Chamber Carmen Goby, and Austrian Foreign Minister, Alexander Schallenberg were keynote speakers.

The member of the delegation from Austria, and the aforementioned people from Pakistan took part in this meeting and discussed the protentional of investment in the both – government and private sectors in Pakistan.

Pakistan is a country, which because of its geographical location has a lot of potential for solar energy, and wind generation. Already there are a lot of countries which are looking for investment in these sectors. The chairman of BOI also said, “Austria has been an important development partner and there is a need to further strengthen business and investment relations to achieve mutually beneficial outcomes by focusing on regular exchange of trade and investment delegations to explore all untapped areas of potential cooperation.“

In regards to the future between the two countries – both Pakistan and Austria, Ahsan said that he and the other members of the Pakistani delegation would encourage and provide strategies to implement and grow efficient B2B models. He also added that Pakistan has welcomed Austria to invest in these sectors, and also the textile industry, which is one of the major industries of Pakistan.

The fact these countries are looking forward to the opportunities to invest in Pakistan, not only helps Pakistan in improving its economy but also paves a way for better relations and ties between the said countries.

The world we live in today is uncertain, and we don’t what will happen. At times it seems as if the whole world is on the verge of collapse, and in times like these – it is imperative to look for what is best for one’s country and to improve the ties with other countries so that we can all survive collectively. This is what Pakistan and Austria’s collaboration is aimed at, to bring good to the world.

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