Yousuf Hussain, president and CEO of Faysal Bank Limited, has been elected president of the Overseas Investors Chamber of Commerce and Industry (OICCI) for the 2024-2026 term.
In addition to Hussain, Jason Avancena, managing director and CEO of Nestle Pakistan Ltd, has been appointed as senior vice president, while Syed Ali Akbar, managing director and CEO of Pakistan Tobacco Company (Pvt.) Ltd, will serve as vice president.
The newly formed managing committee includes prominent leaders from various sectors, including:
In maiden address, Yousuf Hussain acknowledged the complex economic environment facing Pakistan, noting both challenges and opportunities.
He was of view that the country of 242 million stands at a pivotal moment while inflation is easing and we are seeing slight GDP growth recovery, significant structural challenges remain. These can drive necessary reforms and foster a sustainable business environment.”
Outgoing president Rehan Shaikh emphasized the chamber’s role in collaborating with government entities to address economic challenges. He highlighted OICCI’s efforts in promoting Pakistan’s investment opportunities to foreign delegations, positioning the country as an attractive destination for foreign direct investment (FDI).
Abuzar Shad, Khalid Usman, Shahid Nazir take oath as LCCI president, SVP, VP
