The Overseas Investors Chamber of Commerce and Industry (OICCI) has welcomed the government's initiative of involving stakeholders prior to taking any policy decision. The move will bring stability back to the stock market and will also help in raising investor confidence in Pakistan, said the OICCI press statement.
The government's decision to develop a three-year Capital Market Policy, which will focus on reforms related to taxation, promotion of new listings, integration of capital markets with the national economy reflects government's sincerity in bringing stability into the country, it said.
There are no "sudden shifts in policy" and it is good that the government is involving the stakeholders for their input. "We welcome this move and feel that the government is moving in the right direction by taking the investor community along," the statement said.
Given that there is an international food and oil crisis, ripples of which are being felt all over the world including Pakistan, therefore, all efforts should be made to bring back the foreign investor so that Pakistan can benefit from the much need FDI.-PR