President's Message

Let me welcome you to Overseas Investment Chambers of Commerce (OICCI), a platform I take pride in representing as a President in 2018. OICCI members are leading MNCs, highly respected by all stakeholders for their contribution to the socio-economic growth and a significant tax collection for the development of Pakistan. Carrying this honor on my shoulders, I will do my best to represent this prestigious platform and address concerns at different forums with the utmost care and professionalism for an even more conducive and transparent business environment.

We all agree that Pakistan is a country bursting with opportunities but investment still remains condensed. Foreign Direct Investment (FDI) is still low in recent years, despite the on-ground improvements in law and order situation and energy sector. We even had international media on our side reporting improved economic indicators backed by low interest rates and contained inflation, nonetheless FDI flight has not yet taken off by a steeper tangent as we all expected it to be.

Even though, FDI is showing an improving trend, but mainly in relation to projects under the China Pakistan Economic Corridor (CPEC).  OICCI members, who understand the environment, are constantly pursuing opportunities to re-invest large sum in Pakistan. During the past year the net investment by OICCI members was US $ 2.2 billion as compared to the net FDI of US $ 2.4 billion for the rest of the country. OICCI will continue to maintain regular engagement with the authorities in highlighting the factors requiring resolution, which are hindering the inflow of large FDI in the country.

As President of the OICCI, I look forward to lead the chambers in functioning with key decision makers in the federal and provincial governments discussing and resolving the issues at large which is hindering investment in Pakistan. We need to further up the OICCI ante for promoting Pakistan to potential foreign investors during the Chamber’s regular interaction with foreign business and governmental delegations and senior diplomats based in and outside Pakistan.

My purpose with the chambers remains to promote overseas investment by leveraging global experience in Pakistan context so that the economy can learn best of international practices. The four key priorities for the 2018 term are:

  • Transfer global best practices to ease the tax burden
  • Transfer global best practices to foster ease of doing business
  • Enhance the image of Pakistan abroad to attract foreign direct investment
  • Raise OICCI¹s profile to count in Pakistan¹s government policy setting and implementation

Finally, I would like to thank all the OICCI members, our key stakeholders and members of the Managing Committee whose support and help is necessary to meet the Chamber’s objectives and to ensure that 2018 proves to be another year of high accomplishment for the Chamber.

Best regards,
Bruno Olierhoek

© 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.