Foreigners invest $2.4b in 2020
Survey reveals OICCI members contributed Rs1.4tr to Pakistan’s tax revenue
KARACHI:
Despite the Covid-19 pandemic, the country managed to attract foreign investors, who invested $2.4 billion and contributed Rs1.4 trillion in taxes during 2020.
The Overseas Investors Chamber of Commerce and Industry (OICCI), comprising over 200 foreign investors in Pakistan belonging to 35 countries, released the consolidated financial contribution from its members for the year 2020 based on feedback from 170 members, 50 of whom are subsidiaries of Fortune 500 companies.
“Foreign investors are contributing in all major industrial sectors, where they are investing in goods as well as services,” said Prime Minister’s Economic Advisory Council member Dr Abid Qaiyum Suleri while speaking to The Express Tribune.