The Overseas Investors Chamber of Commerce and Industry (OICCI) has released the results of its biennial “Perception and Investment Survey 2021”.
The poll results reveal an improvement in OICCI members’ confidence in the country’s growth potential and some areas where government intervention is required.
In a discussion with the media today, OICCI President Ghias Khan underlined the survey’s findings that foreign investors are generally positive on various business climate metrics. OICCI members expect excellent growth for their businesses in Pakistan, with 80% recommending additional FDI. Mr. Ghias Khan said
“Over 65 percent of poll respondents indicated their plans to make new investments, of which 8 out of 10 respondents plan to invest more or similar sums over the next 1 to 5 years, compared to previous equivalent period.”
With a “Better” ranking than India, Thailand, Vietnam, Bangladesh, Sri Lanka and the Philippines but behind Indonesia, Malaysia, the UAE and China. Among other factors, increased financial infrastructure, access to local funding, and profit repatriation influenced survey respondents favourably. However, questions have been raised about business ease and Pakistan’s image.