The British Deputy High Commissioner, Robert Gibson, held a meeting with Waqar Malik, President of the Overseas Investors Chamber of Commerce and Industry (OICCI) and discussed issues of mutual interest. Waqar Malik was accompanied by Secretary General OICCI, Ms Unjela Siddiqi as well as members of the Managing Committee.
Waqar Malik welcomed the guests and acknowledged the longstanding relationship that the two organisations have enjoyed over the years. He briefed Gibson on the role and ongoing activities of the Chamber, the contribution of OICCI Members to the economy, and the role of UK based companies amongst overseas investors.
There are about 40 UK based OICCI-member companies operating in Pakistan, representing a wide range of sectors, including Pharmaceuticals Oil, Gas and Energy.
Malik said that the overall business climate in Pakistan is positive for foreign investors. However, Pakistan's current law and order situation requires improvement, adding that consistency in government policies and the growing domestic economy are key contributors to making Pakistan an attractive investment destination.
Robert Gibson stressed on the importance of taking a strategic approach towards finding and utilising investment opportunities in Pakistan. He said that in the coming years his office will be looking towards encouraging more companies from Britain to invest in Pakistan and acting as a significant proponent of Pakistan as an emerging market for foreign investors. He also stressed that this will require efforts to maintain the favourable business climate.-PR
Comments
Comments are closed.