KARACHI: Shazad Dada, Chief Executive Officer, Standard Chartered Bank Pakistan Limited has taken over as the President of the Overseas Investors Chamber of Commerce and Industry (OICCI) for the 2020 term. This was announced at the 160th Annual General Meeting of the OICCI held at the Chamber on Friday, January 31, 2020.
Haroon Rashid, Managing Director Shell Pakistan Limited, was elected unopposed as the Vice President.
The Incoming OICCI President Shazad Dada in his message to the members said that he strongly believes that Pakistan offers considerable growth potential for existing foreign investors and attractive opportunities for new investors.
He said his conviction is supported by OICCI members who invested over US$ 13 billion in new capital expenditure in the last seven years. He opined that the current dip in the economic cycle of the country will soon revert back to a positive growth trend.
He lauded the role of OICCI for promoting Pakistan to potential foreign investors during the Chamber’s regular interaction with foreign business and governmental delegations and senior diplomats based in and outside Pakistan.
Shazad also appreciated the quality of OICCI business climate/perception surveys, the Chamber’s focused and continuing advocacy efforts for streamlining the taxation system, giving practical policy input for increasing the efficiency of energy sector, initiatives on women empowerment and gender equality, the Chamber’s role in improving the security environment, and in taking the Intellectual Property Rights regime in Pakistan to a higher level, which included the publication of a comprehensive IPR manual for the benefit of all innovators and brand owners.