KARACHI  - Austria Commercial Consular Gerd Bommer has said that positive reports about Pakistan’s economic stability, particularly during the past few months, have helped in improving the perception about Pakistan amongst Austrian businessmen who now find Pakistan as an attractive place for doing business and are thinking of undertaking joint ventures.

The improved economic scenario has encouraged Austrians to do business with Pakistani counterparts”, he added while speaking at a meeting during his visit to Karachi Chamber of Commerce and Industry KCCI.

Gerd Bommer further stated that lots of opportunities exist between the two countries for further expanding the existing low trade volume. These trade opportunities can be availed by enhancing interactions between business communities of the two countries, exchanging trade delegations and organising business-to-business meetings.

He said that Pakistan can also benefit from the Austrian experience and expertise available in its banking sector.

Earlier, President KCCI, Abdullah Zaki, while welcoming the Austrian Commercial Consular, said that the quantum of trade between Pakistan and Austria remains very low as during Fiscal Year 2013, Pakistan’s exports to Austria amounted to $30.90 million, while Imports from Austria aggregated to $105.10 million.

He stressed the need to explore new areas for mutual cooperation in order boost trade and economic activities between Pakistan and Austria.