OICCI urges Pakistan to turn macro gains into investment, exports, energy security

The Overseas Investors Chamber of Commerce and Industry (OICCI) urged Pakistan to turn recent macroeconomic stability into private investment, exports and energy security. It made the call during a Thursday meeting with a visiting IMF delegation, which included Iva Petrova and Mahir Binici. The Chamber noted that net FDI fell about 32 per cent to $1.7bn in FY26 despite a stronger external position.

OICCI asked for lighter regulatory burdens, stronger investor protection and better coordination between federal and provincial authorities. It also argued that domestic firms should reinvest first, since foreign investors follow local confidence. On energy, the Chamber sought immediate conservation and a medium-term plan for self-sufficiency, citing high regional costs, circular debt and refining needs.

On trade, OICCI said growth cannot last without more foreign exchange earnings, calling for better competitiveness and stronger export sectors. It also sought faster SOE reform and credible privatisation where state ownership lacks a compelling policy rationale. The Chamber further urged taxing under-taxed segments such as agriculture, real estate, SMEs and retail rather than burdening documented businesses.