KARACHI: The Overseas Investors Chambers of Commerce and Industry (OICCI) Managing Committee has expressed disappointment on the poor Foreign Direct Investment (FDI) inflow of only $87 million reported by State Bank of Pakistan for July-August 2014, dropped by a significant 37%.
The OICCI, having nearly 200 leading foreign investors in Pakistan, said that this was a significant drop in FDI since it was compared to an already low base in the same period of the previous fiscal year.
OICCI President Asad S Jafar said, “Overseas potential investors were attaching a lot of importance to various issues in Pakistan, which points out the growing importance of issues such as security, energy shortages and governance levels”.
The Managing Committee of the OICCI reviewing the business environment urged the federal and provincial governments to take emergency measures in order to attract higher FDI inflows as low FDI retards economic growth and has long-term implications. OICCI offered to assist the authorities by sharing experience and expertise of members who have benefited from investments in Pakistan.
