Lack of any proper regulatory framework for intellectual property infringements is a key factor in limiting inflow of foreign investments (FIs) in the country.
This concern was shared by Barry Lowen, Director South Asia Region for UK Trade & Investment (UKTI) and Robert W. Gibson, British Deputy High Commissioner, Karachi during their meeting at the Overseas Investors Chamber of Commerce and Industry (OICCI) with Ms Unjela Siddiqi, Secretary General, OICCI and Farukh Mazhar, Chairperson, Trade & Investment Subcommittee, OICCI.
The visit was in continuation of the MoU signed in 2008 between OICCI and PBTIF to enhance Pakistan's image in UK in order to bring further investment into the Pakistan. Lowen shared that the global perception of Pakistan needs to be improved and this can be done by highlighting the positives, which the country has to offer. He also recommended that UKTI and OICCI could use this platform to put into contact foreign investors working in Pakistan (OICCI members) with potential investors.
The changing global landscape requires businessmen to take more initiative and focus on effective communication. Road shows and video conferencing are effective tools. That can be utilised to bring together interested investors from across the globe on a unified platform.-PR