Islamabad: In its biennial survey, the Overseas Investors Chamber of Commerce and Industry (OICCI) ranked Pakistan as a favourite investment destination for the Foreign Direct Investment (FDI), news sources reported on March 07. The ‘Perception and Investment Survey-2021’ study also highlighted the favourable growth in the country’s different industries where participants expressed optimism.
In a meeting with media members, OICCI President Ghias Khan stated that Pakistan’s ranking has been improved as compared with the other regional countries, which is excellent news for the Pakistani economy. He noted that the report provides a roadmap for the government to recognise its flaws and improve in areas with evident gaps. The study expressed confidence in the current government’s policies while also forecasting an improvement in the ‘Ease of Doing Business (EoDB)’.
Moreover, respondents and foreign nationals agreed that the government’s efforts to facilitate company operations, such as improved banking infrastructure, access to local finance sources, and profit repatriation, were beneficial. The investors expressed their positive views on the tax refunds in the report, highlighting that the tax machinery operated better than in previous years. The State Bank of Pakistan, the Board of Investment, the Securities and Exchange Commission of Pakistan, the Drug Regulation Authority, the Pakistan Telecom Authority, the Punjab Revenue Authority, the Sindh Revenue Board, and the Federal Board of Revenue were among the preferred organisations and areas.
Iqra holds BS in International Relations and is passionate about writing engaging content on trending real estate topics. When not working, she is either spending time with family, shopping, or discussing shows & movies.
