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Irfan Wahab Khan elected as President of OICCI

Karachi, June 28, 2018 (PPI-OT): Mr. Irfan Wahab Khan, CEO and President, Telenor Pakistan has been elected as the President of the Overseas Investors Chamber of Commerce and Industry (OICCI) with effect from July 1, 2018. His appointment came following a successful tenure of Mr Bruno Olierhoek, who resigned as the President of OICCI after taking a new position outside Pakistan.

Irfan Wahab Khan has over 20 years of leadership experience and has been engaged in the corporate sector since 1992 having worked for Orange, PTCL, T-Mobile, Ericsson, Telcordia Technologies and Ministry of IT and Telecom Pakistan prior to joining Telenor in 2004. He has worked in various countries including United Kingdom, United States, The Philippines, Norway and Bangkok. He is the first employee of Telenor Pakistan and served as the Executive Vice President of the Company until 2009 before moving to Telenor Group as Vice President Devices and Distribution.

He returned to Telenor Pakistan in 2013 as Chief Marketing Officer and assumed his current role as CEO in 2016. Irfan is also on the Board of Telenor Micro Finance Bank Limited. He has a wide cross-functional experience and has successfully led several business domains and turnarounds. He has also been involved with business diversification, building start-up and digital ecosystems and successful implementation of global business strategies. He is tech enthusiastic, digital evangelist, passionate about empowering Pakistan and strong believer of potential of our youth.

Irfan graduated from the University of Engineering and Technology Lahore in Electrical Communication in 1992 and he did his Masters in Mobile and Personal Communications, University of Westminster London UK. He also holds qualification in Financial Management from Harvard Business School, USA, Marketing from London Business School and Management from INSEAD. He is life Alumni of INSEAD.

Commenting on his appointment as the President of OICCI, Irfan Wahab Khan said, “I am honoured to have been elected as the President of OICCI and I am grateful for the trust and confidence that members have put in me. Pakistan has the potential to attract large investment due to its growing economy and demographic strength, and a number of large foreign investors have Pakistan on their radar, but are somewhat hesitant in deciding on investing, mainly due to an element of uncertainty and confusion on policy implementation.

With clear policies and their robust implementation Pakistan can attract significant FDI. OICCI members, who know the business environment in Pakistan, have been aggressively investing in expanding their facilities in Pakistan and have collectively invested over US$ 2 Billion annually for past many years. I am extremely keen about the progress OICCI has made and look forward to ensure further contribution to the country. I would also like to take this opportunity to thank Bruno for his service and leadership as the President of OICCI.”

Established in 1860, Overseas Investors Chamber of Commerce and Industry (OICCI), is the largest Chamber of Commerce in Pakistan based on economic contribution in the form of taxes and investment by its members and is the collective voice of top 200 foreign investors in Pakistan, including over 50 Fortune 500 companies, who contribute about one third of the total tax collection in the country and a significant portion of the GDP.

Coming from 35 countries and working in 14 key sectors of the economy, OICCI members are leaders not only in economic activities and investment but are also thought leaders in transfer of technology and in CSR activities. “OICCI Women” initiative launched in 2017 in partnership with UN Women is the landmark initiative of OICCI towards empowering women in the corporate sector in Pakistan.

For more information, contact:
Overseas Investors Chamber of Commerce and Industry (OICCI)
Chamber of Commerce Building, Talpur Road, P.O. Box 4833,
Karachi – 74000, Pakistan
Tel: +92-21-32410814-5
Fax: +92-21-32427315
Email: info@oicci.org
Website: http://oicci.org/

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Irfan Wahab Khan elected as President of OICCI

Karachi, June 28, 2018 (PPI-OT): Mr. Irfan Wahab Khan, CEO and President, Telenor Pakistan has been elected as the President of the Overseas Investors Chamber of Commerce and Industry (OICCI) with effect from July 1, 2018. His appointment came following a successful tenure of Mr Bruno Olierhoek, who resigned as the President of OICCI after taking a new position outside Pakistan.

Irfan Wahab Khan has over 20 years of leadership experience and has been engaged in the corporate sector since 1992 having worked for Orange, PTCL, T-Mobile, Ericsson, Telcordia Technologies and Ministry of IT and Telecom Pakistan prior to joining Telenor in 2004. He has worked in various countries including United Kingdom, United States, The Philippines, Norway and Bangkok. He is the first employee of Telenor Pakistan and served as the Executive Vice President of the Company until 2009 before moving to Telenor Group as Vice President Devices and Distribution.

He returned to Telenor Pakistan in 2013 as Chief Marketing Officer and assumed his current role as CEO in 2016. Irfan is also on the Board of Telenor Micro Finance Bank Limited. He has a wide cross-functional experience and has successfully led several business domains and turnarounds. He has also been involved with business diversification, building start-up and digital ecosystems and successful implementation of global business strategies. He is tech enthusiastic, digital evangelist, passionate about empowering Pakistan and strong believer of potential of our youth.

Irfan graduated from the University of Engineering and Technology Lahore in Electrical Communication in 1992 and he did his Masters in Mobile and Personal Communications, University of Westminster London UK. He also holds qualification in Financial Management from Harvard Business School, USA, Marketing from London Business School and Management from INSEAD. He is life Alumni of INSEAD.

Commenting on his appointment as the President of OICCI, Irfan Wahab Khan said, “I am honoured to have been elected as the President of OICCI and I am grateful for the trust and confidence that members have put in me. Pakistan has the potential to attract large investment due to its growing economy and demographic strength, and a number of large foreign investors have Pakistan on their radar, but are somewhat hesitant in deciding on investing, mainly due to an element of uncertainty and confusion on policy implementation.

With clear policies and their robust implementation Pakistan can attract significant FDI. OICCI members, who know the business environment in Pakistan, have been aggressively investing in expanding their facilities in Pakistan and have collectively invested over US$ 2 Billion annually for past many years. I am extremely keen about the progress OICCI has made and look forward to ensure further contribution to the country. I would also like to take this opportunity to thank Bruno for his service and leadership as the President of OICCI.”

Established in 1860, Overseas Investors Chamber of Commerce and Industry (OICCI), is the largest Chamber of Commerce in Pakistan based on economic contribution in the form of taxes and investment by its members and is the collective voice of top 200 foreign investors in Pakistan, including over 50 Fortune 500 companies, who contribute about one third of the total tax collection in the country and a significant portion of the GDP.

Coming from 35 countries and working in 14 key sectors of the economy, OICCI members are leaders not only in economic activities and investment but are also thought leaders in transfer of technology and in CSR activities. “OICCI Women” initiative launched in 2017 in partnership with UN Women is the landmark initiative of OICCI towards empowering women in the corporate sector in Pakistan.

For more information, contact:
Overseas Investors Chamber of Commerce and Industry (OICCI)
Chamber of Commerce Building, Talpur Road, P.O. Box 4833,
Karachi – 74000, Pakistan
Tel: +92-21-32410814-5
Fax: +92-21-32427315
Email: info@oicci.org
Website: http://oicci.org/

Read More »

Improved security environment highly appreciated by foreign investors

Karachi, July 17, 2017 (PPI-OT):OICCI’s 2017 annual security survey which was conducted in June 2017 highlights a positive movement in the OICCI members’ perception of the country’s security environment. This comprehensive security survey is conducted every year since 2015. It reflects the foreign investors’ perception on the improving security environment in the country especially after the launch of 2013 Karachi operations.

The 2017 security survey respondents experienced a reduction in the overall street crimes with a 69 % reduction in petty crimes i.e. mobile and cash snatching and 90 % decrease in the higher intensity street crimes like car snatching. In respect of serious crimes like abductions/hostage taking and “Bhatta” demands – respondents across Pakistan reported major reductions as compared to 2016, ranging from 94% decrease in Lahore, closely followed by rest of Punjab and KPK (93%) and Karachi (92%). OICCI members have reported significant improvement in the confidence and comfort of their staff on security matters which had gone up further after the 86% increase reported in the previous survey, as the staff now feel even more comfortable in their everyday commute to/from the workplace.

More significantly a noteworthy feedback from the latest OICCI security survey is that a higher number of expatriate business visitors have travelled to Pakistan in the past one year and most of the business related meetings are now being held within Pakistan which prior to August 2013 were conducted in other countries due to security concerns.

This is a strong indicator that Pakistan as a destination has improved on the security concerns map and that such foreign businessmen are being granted travel permissions for their visit to Pakistan from their respective embassies and travel security agencies. An overwhelming 62% respondents reported substantial increase in the number of overseas visitors to Pakistan as compared to last year. The highest number of OICCI Members foreign visitors were from European countries, including UK, followed closely by visitors from Middle East, China, Singapore, USA and Japan.

Commenting on the survey findings, OICCI President Khalid Mansoor said that “the 2017 survey once again re-affirms that threats and security concerns have substantially reduced in Pakistan for all key stakeholders of businesses including OICCI members. The security environment has substantially improved not only for the survey participants, meaning foreign investors, but also for their customers, suppliers and employees.”

The 2017 OICCI security survey result mirrors the improved security environment, all over Pakistan, especially in Karachi in comparison to the last year and greatly enhanced since the time prior to August 2013. A significant majority of the respondents were confident that the general threats to business had reduced vis a vis last year and a look at the last survey in June 2016 echoed the improvement nation-wide with Karachi security situation being given the thumbs up by 89%, closely followed by Lahore and rest of Punjab with 85% and 82%.

“Overall, OICCI 2017 Security Survey feedback points to a clear appreciation by the foreign investors of the various initiatives of the government and the security agencies in proactively tackling the security, law and order challenges which had serious repercussions on the image of the country as a safe destination for FDI” concluded Khalid Mansoor., Encouraged by the significant improvement to date, the authorities are urged to maintain high level focus on further improving security, law and order to bring it at par with the international standards in order to help boost inflow of FDI in addition to the CPEC investment planned for the country in the near term.

For more information, contact:
Overseas Investors Chamber of Commerce and Industry (OICCI)
Chamber of Commerce Building, Talpur Road, P.O. Box 4833,
Karachi – 74000, Pakistan
Tel: +92-21-32410814-5
Fax: +92-21-32427315
Email: info@oicci.org
Website: http://oicci.org/

Read More »

Japan and Korea Keen to Invest In Pakistan

Karachi: H.E. Hiroshi Oe, Japanese Ambassador to Pakistan and H.E. Choongjoo Choi, Korean Ambassador to Pakistan, visited the Overseas Investors Chamber of Commerce and Industry (OICCI) to discuss investment opportunities [...]

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