Govt targets stability with OICCI's role in Pakistan's economic growth

January 23, 2025 (MLN): The government aims to achieve economic stabilization and foster a conducive business environment, with members of the Overseas Investors Chamber of Commerce and Industry (OICCI) playing a pivotal role in Pakistan's economic development.

This was stated by the Federal Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal, during his visit to the OICCI for an interactive session with foreign investors and business leaders.

During the session, Ahsan Iqbal provided an in-depth overview of the government’s economic agenda, highlighting Uraan Pakistan, The 5Es National Economic Transformation Plan, according to the press release issued today.

“The government is committed to ensuring economic stability and fostering a predictable policy environment for investors,” said Ahsan Iqbal.

“Through initiatives like Uraan Pakistan, we aim to unlock the country’s potential and transform it into a hub for innovation and investment”, he added.

The session focused on the government’s initiatives aimed at addressing investor challenges and fostering sustainable growth in Pakistan.

He also highly appreciated the contribution of leading foreign investors, particularly OICCI members.

Over the past decade, they have re-invested $23 billion while also leading the transfer of best practices to the country.

Yousaf Hussain, President OICCI, commended the government’s efforts to stabilize the economy and foster a business-friendly environment for foreign investors.

“The focus on structural reforms and economic revival is a positive step forward”, he stated.

“We remain optimistic and look forward to continued collaboration to further strengthen Pakistan’s position as an investment destination,” he further said

Abdul Aleem, Secretary-General OICCI, acknowledged the progress made and stressed the importance of policy continuity to maintain investor confidence.

“While the initiatives being undertaken by the government are commendable, it is crucial to ensure policy consistency”, he added.

“We urge the government to actively engage with key stakeholders like OICCI members so as to maximize the impact of these initiatives,” he remarked.

Foreign investors also shared their perspectives on navigating challenges in Pakistan and provided recommendations to enhance the ease of doing business.

The dialogue reinforced the need for constructive engagement between the government and the private sector to build a sustainable economic future.

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