Karachi: The Overseas Investors Chamber of Commerce and Industry (OICCI) has released data on the consolidated financial contributions of its members during 2019 — with the reports revealing that nearly PKR 1.2 trillion in revenue was contributed, while USD 3 billion was invested into the country, a news source reported today (July 16).
The chamber, which represents 200 top foreign investors in Pakistan from 35 countries, also expressed concerns that regulatory challenges could debilitate Pakistan’s attractiveness as a destination for foreign direct investment (FDI).
OICCI President Haroon Rashid, while elaborating on the main features of the OICCI 2019 Annual Economic Contribution Survey, revealed that OICCI members contributed more than PKR 1.2 trillion, or PKR 5 billion each working day, to the tax revenue of Pakistan. This totals to nearly 1/3rd of Pakistan’s total revenue collection.
Two of OICCI members paid more than 100 billion in taxes each, Rashid revealed. He also added that major sectors included energy, tobacco, fast-moving consumer goods (FMCG) and food, telecommunication and banking.
