Austrian envoy visits OICCI

KARACHI: The Austrian ambassador to Pakistan and Afghanistan, Andrea Wicke, visited the Overseas Investors Chamber of Commerce and Industry (OICCI) on Monday, along with a delegation of Austrian officials and business representatives, to discuss the opportunities and challenges of investing in Pakistan.

The OICCI secretary general, M Abdul Aleem, briefed the delegation on the business prospects of Pakistan, which aims to attract foreign direct investment (FDI) of up to three percent of its gross domestic product (GDP).

He also highlighted the achievements of the OICCI members, who have invested $22 billion in Pakistan from fiscal year 2013 to 2022, surpassing the net FDI inflows of $19.9 billion in the same period. Pakistan recorded a 25 percent increase in FDI in 2023, attracting $1.771 billion.