Foreign investors contribute Rs1.4tr tax, invested $2.4b

Staff Reporter

The Overseas Investors Chamber of Commerce and Industry (OICCI), the chamber of leading over 200 foreign investors in Pakistan belonging to 35 countries, has released the consolidated financial contribution of its members for the year 2020 based on feedback from 170 members, 50 of whom are subsidiar ies of Fortune 500 companies.

The foreign investors have contributed significantly towards the GDP of the country and have maintained the OICCI position as the largest chamber of commerce in terms of economic contribution in the country. This comprehensive survey is being conducted annually since 2009.

Elaborating on the key features of the OICCI 2020 Economic Contribution survey, Irfan Siddiqui, President OICCI highlighted that “we are proud that in the past twelve months, OICCI members, despite very challenging and uncertain business environment due to Covid-19 impact on the business and life of people globally and in Pakistan, contributed over Rs 1.4 Trillion, or approximately Rs five billion each working day, towards the tax revenue of Pakistan, approximately one third of the total tax collection in the country.

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