US Economic Counselor for Pakistan visits the OICCI

William ‘Chip’ Laitinen, the Economic Counselor for Pakistan based at the US Embassy in Islamabad, who took up his position six weeks back, visited the Chamber on September 7, 2017 for a courtesy call and to discuss matters of mutual interest and to learn about the OICCI and the Chamber’s view on the current business environment in the country

He was accompanied by John Robinson (Political/Economic Unit Chief) and Fahd Zaidi (Economic Specialist). The visitors were welcomed by OICCI MC Member Kimihide Ando and Secretary General M. Abdul Aleem.

After a brief introduction about the OICCI profile and activities of the Chamber, M. Abdul Aleem shared an overview of the result of the OICCI sponsored Business Confidence Index survey, wave 14, released to the media in May 2017, some key information from the OICCI members Perception and Investment Survey 2015, OICCI Members Security related survey done in June 2017 – which shows further increase of members positive perception of the country’s security environment, snapshot of OICCI listed members success story reflected in the very good CAGR during the period 2009-16, CSR initiatives of members which benefit of 20 million people, an overview of the OICCI perspective of the country’s economy and opportunities for foreign investors in Pakistan. He also pointed out a few challenges and reasons for the low FDI inflow in recent years. M. Abdul Aleem also mentioned that the environment for business in Pakistan is a lot better than the general perception, and this is observed by all those foreigners who come to the country and there is now increased travel to Pakistan by Regional and Corporate executives of member companies and others.

Kimihide shared with the US team about his own and his company’s experience of working in Pakistan and opined that with a little bit of proper focus and governance the country offers a good potential for foreign investors.

William Laitinen informed that his work priority is to enhance the trade and investment relations between United States and Pakistan and thanked the OICCI for the informative presentation and both teams agreed to continue close coordination between the US Diplomatic mission and OICCI to promote Pakistan and US Trade, business and Investment.

© 2012 Overseas Investors Chambers of Commerce and Industry
The Overseas Investors Chamber of Commerce & Industry (OICCI) serves as the national point of reference for foreign investors in Pakistan. Established in 1860 as the Karachi Chamber of Commerce, it is the oldest of the existing chambers.