LAHORE: Overseas Investors Chamber of Commerce and Industry (OICCI) member companies have injected $22.6 billion into Pakistan’s economy during the last 10 years, according to the chamber’s 2023 annual economic contribution survey.

With the contribution of $22.6bn in the last 10 years, the 139 OICCI member companies reported assets amounting to Rs29.6 trillion, capital expenditure of Rs482bn, government levies of Rs2.4tr and gross revenue of Rs10.4tr in the last fiscal year.

Among the OICCI members, 51 are listed companies that have demonstrated remarkable growth in their financial performance. From 2019 to 2023, the compound annual growth rate (CAGR) of profit before tax surged to 30.2pc compared to a CAGR of 18.9pc between 2018 and 2022. In 2023, these companies reported a cumulative profit before tax of Rs1.13tr and a turnover of Rs6.74tr.

The sector-wise turnover for 2023 highlights the diverse contributions of various industries to Pakistan’s economy with the oil, gas and energy recording Rs4.85tr and banking, insurance, finance and leasing Rs1.5tr.

“As Pakistan navigates its economic challenges, the sustained confidence and investment by OICCI members provide a solid foundation for future growth and development,” said OICCI President Rehan Shaikh while commenting on the survey.

Published in Dawn, August 7th, 2024

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Errant ECP
Updated 22 Jan, 2025

Errant ECP

THE ECP has once again earned a detailed reprimand from the Supreme Court. That it still refuses to correct course is ominous
Fast-tracking M6
Updated 22 Jan, 2025

Fast-tracking M6

GRAND infrastructure projects in Pakistan often progress at the pace of a bullock cart rather than a bullet train....
Gwadar airport
Updated 22 Jan, 2025

Gwadar airport

THE air connectivity established by the inauguration of PIA flights between Karachi and Gwadar is a major step...
Trump 2.0
Updated 21 Jan, 2025

Trump 2.0

Few have forgotten how disruptive Trump could be as president. There has been little indication that his 2nd term will be any different.
GB’s status
21 Jan, 2025

GB’s status

THE demand raised by the people of Gilgit-Baltistan for constitutional clarity and provisional provincial status is...
Panda bond
Updated 21 Jan, 2025

Panda bond

ISLAMABAD’S plans to raise $200m from China’s capital markets through the inaugural issue of a Panda bond this...