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FDI to surge with better trading across borders
OICCI president says Pakistan has suffered considerably due to negative perception
PHOTO:FILE
KARACHI:
The business community has voiced a firm hope that Pakistan will attract significant foreign direct investment (FDI) for export projects once the country displays a modest improvement in the trading across borders parameter in the World Bank Ease of Doing Business Index.
Speaking to The Express Tribune, Overseas Investors Chamber of Commerce and Industry (OICCI) President Irfan Siddiqui lamented Pakistan’s low regional trade volume despite availability of cheap labour and raw material for the production of export-oriented goods and access to Gulf Cooperation Council (GCC) and Central Asian markets.
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As a result of the United Kingdom ( UK ) exiting the
European Union ( EU ) on 1 January 2021, a number of
financial institutions in the UK lost their exclusive
right of access to utilize the European Economic Area
( EEA ) passporting rules.
1 These changes have also been felt
by financial institutions based in Gibraltar.
Back in 2016, it was reported around 5,500 UK companies with
licensed activities which have passported their authorization
(
i.
e., a licensed activity) into the EEA are
impacted as a result of the UK exiting the EEA bloc.
Andrew Skipper:
This is the fourth series of the A Perspective podcast in which I have been having conversations with some of Africa’s top business minds and investors alongside key cultural influencers. People who are deeply committed to building on the continent and spreading the word and the vision in a diverse way.
…Today we’re lucky enough to be chatting to Jacko Maree. Jacko is a renowned experienced leader in the South African banking sector, having been CEO of Africa’s largest bank, Standard Bank, for 13 years including building their pan-African business across 20 countries and securing a 20% investment in the bank by the Chinese.
JKIA, Moi Airport ranked top in Africa on customer service
Wednesday March 10 2021
By ANTHONY KITIMO
Summary
Jomo Kenyatta International Airport (JKIA), and Moi International Airport (MIA) have been ranked second and fourth respectively in customer service in Africa by the Airports Council International (ACI).
Among the top six airports include Kotoka International Airport (Accra, Ghana) which came third while SSR International Airport (Mauritius, Mauritius) and Tunis Carthage Airport (Tunis, Tunisia) came fifth and sixth respectively.
Jomo Kenyatta International Airport (JKIA), and Moi International Airport (MIA) have been ranked second and fourth respectively in customer service in Africa by the Airports Council International (ACI).