OICCI report shows Pakistan a hopeful, trusted destination for investment: PM

ISLAMABAD – Prime Minister Muhammad Shehbaz Sharif on Thursday expressed his satisfaction over the recent report by Overseas Investors Chambers of Commerce and Industry (OICCI), which highlighted a significant improvement in foreign investors’ confidence in Pakistan.

“According to the report, the foreign investors’ confidence in Pakistan has increased and business-friendly environment in the country has improved. The international perception in this regard has shifted from this regard had significantly improved from negative 10% to positive 31% which is highly encouraging,” said a press release.

Furthermore, the prime minister pointed out that according to the report, the employment opportunities in Pakistan had increased, the manufacturing sector growth also surged from 2% to 6%, whereas, the services sector growth also witnessed sharp increase from 7% to 30%, marking a significant success.

The prime minister noted that sale of cement, auto sector, fertilizers and petroleum products had also increased.

“These outcomes are a positive message for the investors at international level,” he said, adding that the report reflected that Pakistan was a hopeful and trusted destination for investment.

The prime minister emphasized that during previous few months, the confidence of foreign investors on Pakistan had significantly improved as the country posted record exports and inflow of foreign remittances.

He expressed the government’s resolve to provide all possible relief to the people on priority, saying that the benefits of the government’s improved economic policies and the hard work of the economic team had begun to materialize.