Stability Achieved, Investment Next; OICCI Engages Finance Minister on Reform Agenda

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb visited the Overseas Investors Chamber of Commerce and Industry (OICCI) today, session its senior leadership and leading foreign investors to discuss how to turn macroeconomic stability into investment.

Key points

• Former OICCI President Yousaf Hussain was additionally present on the occasion and received a souvenir from Finance Minister Muhammad Aurangzeb.
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• According to OICCI acknowledged the economic turnaround but, investment has not followed, with net FDI falling roughly 34% to $1.7 billion in FY26.
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• "Our members are not asking for favours; they are asking for predictability, " remarked OICCI Secretary General M.

According to OICCI acknowledged the economic turnaround but, investment has not followed, with net FDI falling roughly 34% to $1.7 billion in FY26. "Stabilisation was the first step, not the destination, " remarked Finance Minister Muhammad Aurangzeb. "Our task now is to turn it into investment, exports and jobs, and that means hearing directly from investors about what still stands in the way."

Members' chief concern is approximately Rs103 billion in pending income- and sales-tax refunds, for which they sought a time-bound mechanism to pay or formally dispose of verified claims. They additionally called on rationalising withholding and sector-specific taxes, medium-term fiscal and tax frameworks shaped through industry consultation, and a gradual reduction in administration borrowing from banks to free up credit for the private sector.

"Pakistan has done the hard part of stabilising its economy. The test now is whether that demonstrates up in reinvestment and new FDI, " stated OICCI President Umar Ahsan Khan. "Clearing pending tax refunds and giving investors predictable tax policy would be the quickest way to show that it does."

For context, the Chamber additionally pressed for deeper reform: SOE reform and privatisation; a fix for power-sector circular debt; and wider taxation of agriculture, real estate, retail trade and SMEs.

"Our members are not asking for favours; they are asking for predictability, " remarked OICCI Secretary General M. Abdul Aleem. "Stability offered us a foundation. Structural reform, and a consultative process that outlasts any one budget, will decide whether capital stays and grows."

OICCI additionally emphasised the opportunity to translate Pakistan's improving external relationships with the US, Gulf countries and China into greater trade, investment and export opportunities.

Former OICCI President Yousaf Hussain was additionally present on the occasion and received a souvenir from Finance Minister Muhammad Aurangzeb. Stay Connected with ProPakistani.

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For now, stability Achieved, Investment Next; OICCI Engages Finance Minister on Reform Agenda remains the part of the story worth watching, and further updates are likely as more details are confirmed.