KARACHI
The Overseas Investors Chamber of Commerce and Industry (OICCI) convened a dialogue between a visiting International Monetary Fund (IMF) delegation, led by Iva Petrova and Mahir Binici, and CEOs of leading member multinational companies. The discussion focused on Pakistan’s economic outlook and the perspectives of foreign investors operating in the country.
OICCI President Mr. Yousaf Hussain acknowledged the progress achieved in macroeconomic stabilisation. Fiscal consolidation is strengthening, primary balance discipline is improving, the external account has stabilised with reserve buffers rebuilding, inflation is moderating, and the financial sector remains resilient. The recent improvement in Pakistan’s credit ratings reflects enhanced fiscal discipline and renewed international credibility under the ongoing reform programme.
While recognising these gains, Mr. Hussain emphasised, “The priority now is to transition from stabilisation to a phased yet sustained export-led growth path. Translating macroeconomic stability into higher productivity, employment, and investment requires a shift from fragmented measures to a centrally coordinated, technocrat-supported and well-sequenced medium-term reform programme under a comprehensive National Economic Plan. Such a plan should integrate fiscal, trade, industrial, energy, and human capital policies with clear milestones, transparent monitoring, and deeper coordination between the federation and provinces to achieve national economic priorities.”
