Federal Minister for Finance & Revenue Muhammad Aurangzeb Ministry of Finance, Government of Pakistan and Governor of the State Bank of Pakistan (SBP) Jameel Ahmed, visited the Overseas Investors Chamber of Commerce and Industry (OICCI) for a high-level dialogue and interactive session with foreign investors and CEOs of leading multinational companies (MNCs) operating in Pakistan.

Welcoming them, OICCI President Yousaf Hussain highlighted the Chamber’s pivotal role in Pakistan’s economic growth, emphasizing the contributions of its members, who are key drivers of foreign investment, innovation, best practices and tax revenue. OICCI Secretary General M Abdul Aleem acknowledged the government’s recent efforts and positive economic measures and outlined key challenges faced by members, such as policy unpredictability, rising tax burdens, and regulatory complexities. He stressed the need for policy reforms to foster a more business-friendly environment and proposed establishing an independent authority to enhance revenue collection and streamline processes for more efficient policy implementation.

The Finance Minister underscored the importance of policy continuity for long-term economic stability, calling for a data-backed, export-led approach to address Pakistan’s economic challenges. He also emphasized the crucial role of the private sector, particularly in the privatization of loss-making state-owned enterprises (SOEs), to reduce fiscal burdens, improve efficiency, and stimulate private sector-driven growth. Governor Jameel Ahmed discussed how the SBP has been working transparently with OICCI to address investor concerns, particularly related to dividend remittances, to enhance investor confidence.

OICCI’s leadership and members reiterated their commitment to working closely with the government to address investor concerns and support the country’s economic progress. This collaborative approach is a vital step towards creating a more stable, investment-friendly ecosystem, ensuring sustainable economic growth, and positioning Pakistan for a prosperous future.