PM invites Austrian investors, business companies to invest in Pakistan

2026-02-17 - 01:16

Prime Minister Shehbaz Sharif on Monday underscored Pakistan’s commitment to boosting bilateral economic cooperation with Austria while highlighting the country’s vast potential in key sectors such as renewable energy, agriculture, mining, and human resource development. The prime minister said that Pakistan was an agrarian country and more than 60% people lived in the rural areas, calling upon Austrian expertise to enhance value-addition in citrus and other produce for export markets. He also invited Austrian investors to explore opportunities in mining, tourism and engineering sectors. “Austria has world-class expertise in engineering, renewable energy, environmental technology and advanced manufacturing,” he said while addressing the Pakistan-Austria Business Forum in Vienna. He invited Austrian companies to participate in Pakistan’s renewable energy projects, grid modernization and energy logging initiatives. PM Shehbaz Sharif extended a personal invitation to Austrian business leaders to visit Pakistan, promising to showcase investment opportunities and the country’s scenic treasures, from snow-capped mountains to vibrant cultural hubs. The prime minister said both countries shared a longstanding friendship grounded in historical ties and decades of Austrian business engagement in Pakistan, particularly in areas such as cable car installations, minerals and renewable energy technology. “Although the level of economic activity in recent years has declined for a variety of reasons, Austrian firms have made impactful contributions in Pakistan,” he said.—APP