Incoming funds: Overseas Chambers to invest $5b

ISLAMABAD: Despite an unfavourable law and order situation and growing energy crises, Overseas Investors Chambers of Commerce and Industry (OICCI) companies have decided to invest $5 billion in Pakistan. According to an official, OICCI companies have planned to invest $3-5 billion over the next 3-5 years in Pakistan. These companies have also invested $1 billion in Pakistan during the last financial year. “This is a very positive move, given the fact that Pakistan is facing difficulties in promoting investment in the country,” added the official. The OICCI is the oldest investment chambers of the country, promoting and protecting the interests of foreign investors.

Published in The Express Tribune, July 21^st, 2012.