The Overseas Investors Chamber of Commerce and Industry (OICCI) has a rich history that spans over 150 years, starting as the Kurrachee Chamber of Commerce in 1860. Founded by seven British trading concerns, the Chamber aimed to promote commercial enterprise in the city and province. Early on, it established communication with chambers in Calcutta, Madras, and Bombay to cooperate on matters of commercial interest.
Under the leadership of D. McIver, the Chamber positioned itself as a guardian of Karachi's commerce rather than a subsidiary of Bombay business. Over the years, the membership grew, and in 1889, the Chamber was renamed The Karachi Chamber of Commerce.
The Chamber played a significant role in the development of infrastructure and trade. Its members were nominated to the Karachi Port Trust 's Board of Trustees, reflecting their involvement in the city's harbor development. The Chamber also established sub-committees to address various concerns such as local affairs, port trust and shipping, finance and currency, canals and irrigation, and railways.
International affiliations were developed, and the Chamber attended the Congress of the Chamber of Commerce of the Empire. It welcomed the formation of new chambers in Punjab and Chittagong, recognizing the value of organized commercial opinion in India.
In 1924, the foundation stone of a new Chamber building was laid, and the construction was completed in 1927. The building, an impressive structure with classical architectural features, served as the Chamber's headquarters. Throughout the 1920s, the Chamber actively participated in commissions and committees of inquiry on taxation, banking, justice, labor, commodities, and manufacturing.
In 1947, the Chamber witnessed important milestones, including the election of the first Muslim member to its Managing Committee and gaining representation on the Board of the Karachi Grammar School. The Chamber continued to work towards the development of key infrastructure, including the airport, harbor, railway, and roads. It also played a crucial role in promoting industrial development in Karachi, supporting the establishment of the first industrial zone in S.I.T.E. (Sindh Industrial Trading Estate).
With the creation of Pakistan, the Chamber entered a new chapter in its hist ory, well¬ prepared to contribute to the country's economic growth. Over the years, the Chamber and its member organizations have played a significant role in the economic, infrastructural, and social development of Karachi , the province, and the nation.