Transport Strike Threatens Exports, OICCI Issues Urgent Appeal Pakistan’s business community has raised urgent concerns as the nationwide cargo transporters’ strike enters its fifth day, severely affecting manufacturers and exporters. In a letter to Commerce Minister Jam Kamal Khan, the OICCI has requested immediate intervention to prevent further disruption to industrial operations. Cargo transporters across Punjab and Sindh have halted operations in protest […] The post Transport Strike Threatens Exports, OICCI Issues Urgent Appeal appeared first on TechJuice.

Pakistan’s overseas investors paid PKR 2.7T in taxes in 2024 Over 200 investors who have stakes in different projects, companies and ventures paid around PKR 2.7 trillion in taxes in 2024, their representative body has said in a statement. In its annual contribution report, the Overseas Investors Chamber of Commerce and Industry (OICCI) said its over 200 members achieved a profit before tax of PKR 1.2 trillion in the financial year of 2024. The aggregate turnover of these companies exceeded PKR 11 trillion, with members contributing PKR 2.7 trillion in government levies. This number translates to around 30% of the tax collected by Pakistan’s Federal Board of Revenue. The total assets held by OICCI members stood at PKR 34 trillion, while capital expenditure reached over PKR 470 billion during the same period. Despite challenging macroeconomic conditions, OICCI said its members demonstrated resilience and long-term confidence in Pakistan’s market, which was reflected in their contributions across key financial indicators. From FY2015 to FY2024, OICCI members’ cumulative capital investment stood at $22.9 billion, exceeding Pakistan’s total net foreign direct investment inflows of $22.1 billion during the same period. Sector-wise, oil & gas, banking, telecommunications, and chemical industries remained key contributors, accounting for the majority of turnover, assets, and taxes, OICCI said. The banking and finance sector alone represented 73% of total member assets, reflecting both profitability and expansion across financial services. OICCI Secretary General OICCI M. Abdul Aleem said the group’s members are based in 30 countries and operate in 13 key sectors. “Even in the face of global volatility and domestic challenges, OICCI members have not only sustained but expanded their investments, creating jobs, paying significant taxes, and driving innovation across industries.”

Pakistan’s overseas investors paid PKR 2.7T in taxes in 2024 Over 200 investors who have stakes in different projects, companies and ventures paid around PKR 2.7 trillion in taxes in 2024, their representative body has said in a statement. In its annual contribution report, the Overseas Investors Chamber of Commerce and Industry (OICCI) said its over 200 members achieved a profit before tax of PKR 1.2 trillion in the financial year of 2024. The aggregate turnover of these companies exceeded PKR 11 trillion, with members contributing PKR 2.7 trillion in government levies. This number translates to around 30% of the tax collected by Pakistan’s Federal Board of Revenue. The total assets held by OICCI members stood at PKR 34 trillion, while capital expenditure reached over PKR 470 billion during the same period. Despite challenging macroeconomic conditions, OICCI said its members demonstrated resilience and long-term confidence in Pakistan’s market, which was reflected in their contributions across key financial indicators. From FY2015 to FY2024, OICCI members’ cumulative capital investment stood at $22.9 billion, exceeding Pakistan’s total net foreign direct investment inflows of $22.1 billion during the same period. Sector-wise, oil & gas, banking, telecommunications, and chemical industries remained key contributors, accounting for the majority of turnover, assets, and taxes, OICCI said. The banking and finance sector alone represented 73% of total member assets, reflecting both profitability and expansion across financial services. OICCI Secretary General OICCI M. Abdul Aleem said the group’s members are based in 30 countries and operate in 13 key sectors. “Even in the face of global volatility and domestic challenges, OICCI members have not only sustained but expanded their investments, creating jobs, paying significant taxes, and driving innovation across industries.”

Pakistan seeks deeper investment ties with Saudi Arabia Pakistan has sought deeper investment ties with Saudi Arabia as the South Asian nation passes through a rare period of economic stability. Finance Minister Muhammad Aurangzeb told a visiting delegation of Saudi investors that the two nations are “entering a new phase of strategic cooperation that must now translate into deeper economic collaboration and shared prosperity.” The high-level delegation, led by Prince Mansour bin Mohammad Al Saud, met with senior representatives of Pakistan’s major multinational and local corporations on Friday. The event was hosted by the Overseas Investors Chamber of Commerce and Industry (OICCI) and the Pakistan Business Council (PBC) at the OICCI. The meeting focused on strengthening strategic economic cooperation and identifying new avenues for investment and trade between the two nations. Addressing the gathering online, Aurangzeb said Pakistan has achieved macroeconomic stability and is now undergoing structural reforms to ensure long-term sustainability. OICCI Secretary General M. Abdul Aleem said Saudi Arabia’s growing interest in the country demonstrates renewed global confidence in Pakistan’s reforms and investment potential. PBC Chairperson Dr Zeelaf Munir briefed the delegation on the improving economic climate, stable exchange rate, and stronger business sentiment. “Pakistan’s economic recovery is gaining momentum, and Saudi participation can play a pivotal role in driving sustainable growth, industrial expansion, and technology-led development,” she said. OICCI President Yousaf Hussain highlighted Pakistan’s capacity to diversify exports and develop new markets. “The opportunity lies in building joint ventures and integrated regional value chains with Saudi partners that can drive export-led growth and shared prosperity,” he stated. Speaking on the occasion, Prince Mansour reaffirmed his country’s deep-rooted and strategic relationship with Pakistan, emphasizing that it must now be further strengthened through sustained economic engagement and mutually beneficial investments. Saudi Ambassador Nawaf bin Saeed Al-Malki appreciated Pakistan’s reform drive and the active role of its private sector, expressing confidence that the visit would mark a new era in Saudi–Pakistan economic cooperation.

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