Foreign Investment: ICCI calls for reviewing policies

Countries like Singapore, China & Malaysia promoted their exports by luring foreign investment in export-led sector

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) has called for reviewing country’s investment policies with particular focus to attract foreign direct investment in export-oriented sectors.”This would help in enhancing value-added exports and paving way for export-led growth of the economy”, said President ICCI Atif Ikram Sheikh. He said the foreign direct investment (FDI) in Pakistan had mostly been encouraged in power, telecom, chemicals, cement, auto and pharmaceuticals sectors which were not the leading exporters.”Countries like Singapore, China, Malaysia, Cambodia, Vietnam and others have promoted their exports by luring foreign investment in export-led sectors while Pakistan has lagged behind in technology advancement and value-added exports due to concentration of FDI inflow only in a few sectors of its economy,” Sheikh added.

Published in The Express Tribune, December 29^th, 2015.

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