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New OICCI president for more FDI inflow

New OICCI president for more FDI inflow

KARACHI: The newly elected president of the Overseas Investors Chamber of Commerce and Industry (OICCI) has said the chamber would focus on streamlining taxation system and giving policy input on resolving energy supply gap in the country during his tenure.

Shahab Rizvi said that better security environment, especially in Karachi, and contribution towards improving intellectual property rights (IPR) regime in Pakistan would be another key area to focus during this year.

“The OICCI will do what it takes to increase the FDI (foreign direct investment) inflow in the country, which regrettably has gone well below acceptable level despite improvement in the macroeconomic parameters,” he said.

Mr Rizvi was elected as OICCI president at the 156th annual general meeting held a day earlier and Khalid Mansoor as vice-president. Other elected members of the OICCI managing committee for 2016 are: Aftab Husain, Kimihide Ando, Marek Andrzey Minkiewicz, Nauman Ansari, Nadeem Lodhi and Omar Yaqoob Sheikh, said a press release.

Courtesy : Dawn News



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