Islamabad, November 13, 2012 (PPI-OT): Ahsan Iqbal, General Manager, Coca Cola Beverages Pakistan visited Islamabad Chamber of commerce and Industry (ICCI) for congratulating Mr.Zafar Bakhtawari on his election as President of ICCI.
Speaking on the occasion, Mr.Zafar Bakhtawari, President ICCI said that Pakistan is the land of opportunities, it offered profitable investment opportunities to both local and foreign investors while private investment was being encouraged in major sectors of the economy.
He said that Pakistan is a peaceful nation and overall business environment is very good. The presence of a large number of foreign companies shows confidence in the business environment, as they are doing profitable business, he maintained.
Mr.Bakhtawari said that foreign investment in Pakistan has declined by 63 percent because of energy shortfall, poor law and order, institutional fragility and political instability. He expressed hope that Government would resolve these core issues by adopting remedial measures to attract foreign investors.
ICCI President was of the view that various multi-national companies which are working in Pakistan, were offering very little profit margin to retailers resulting in the companies failed to achieve desired results. He said that the culture of imported items was also on the rise due to inefficient output by these companies. He stressed upon all multi-national companies to ensure at least 15percent profit margin for retailers.
He said that there is greater need to encourage foreign companies to make investments at large scale as well as existing multi-national companies should adopt some expansion plans like Telco’s which were making huge profits in Pakistan and contributing in enhancing the over all economic activities.
Mr.Ahsan Iqbal, General Manager, Coca Cola company said that appointment of Bakhtawari as President of ICCI would further enhance the relationship of business community with diplomatic circle which would ultimately put a positive image of Pakistan in all over the world and improve the level of foreign investment in our country.
He said that Coca-Cola Pakistan exists to refresh the consumers, inspire moments of optimism through our brands and actions as well as provides benefits to all stakeholders. He said that the company also intended to invest another $300 million in Pakistan which would further generate employment opportunities in the country.
For more information, contact:
Islamabad Chamber of Commerce and Industry
Chamber House, Aiwan-e-Sanat-o-Tijarat Road,
Mauve Area, G-8/1,
Tel: +9251 225 0526 and 225 3145
Fax: +9251 225 2950