Ms Elin Burnsto, British Deputy High Commissioner/Trade Director for Pakistan, visits the OICCI

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The new British Deputy High Commissioner/Trade Director for Pakistan, Ms Elin Burns, along with Ms Sumera Naveed, Senior Trade Manager, at the British High Commission, Karachi, visited the OICCI on Monday October 31, 2017 for a courtesy call and to discuss matters related to the business environment in the country, and promotion of trade and investment between UK and Pakistan. The visitors were welcomed by OICCI Secretary General M. Abdul Aleem.

After a brief introduction about the OICCI profile and activities of the Chamber, M. Abdul Aleem shared with the DHC, result of the OICCI sponsored Business Confidence Index survey, wave 14, released in May 2017, some key information from the OICCI members Perception and Investment Survey 2015 and 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 and members CSR contributions. He also pointed out a few challenges and reasons for the low FDI inflow in recent years. M. Abdul Aleem also mentioned that those foreigners who come to the country have noted that the environment for business in Pakistan is a lot better than the general perception they get abroad and that there is now increased travel to Pakistan by Regional and Corporate executives of member companies and others. He also shared a slide of the UK-Pakistan bilateral trade numbers.

Ms Elin Burns thanked the OICCI for the informative presentation and overview of the work OICCI does in Pakistan. She also shared that a) the UK DIT has increased trade resource in Pakistan in efforts to harness the market’s potential, albeit a small increase, b) UK Export Finance support available for trade with Pakistan is to more than double to up to £400 million, meaning an additional £200 million in support for UK companies exporting to Pakistan and for Pakistani buyers of UK goods and services, 3) Rehman Chishti, UK MP who is due to visit Pakistan next week and will also call on OICCI on November 8, 2017, was appointed as Trade Envoy to Pakistan in September 2017. Key part of the Trade Envoy’s role is to promote Pakistan to the UK business audience and DIT too are about to embark on an initiative to market Pakistan to a UK business audience.

The BDHC and OICCI SG agreed to continue close coordination to promote Pakistan and UK 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.