Khalid Mansoor Elected As President OICCI

KARACHI, (UrduPoint / Pakistan Point News - 31st Jan, 2017 ) : Chief Executive Officer, Hub Power Company Limited, Khalid Mansoor has been elected and taken over as President of Overseas Investors Chamber of Commerce and Industry (OICCI) for the term of 2017.

This was announced at 157th annual general meeting of the OICCI held at the chamber on Tuesday, said OICCI release here. President and Chief Executive Officer of Faysal Bank Limited Nauman Ansari was elected unopposed as its Vice President.

The other elected members of the OICCI Managing Committee for 2017 are as follows: Ms. Shazia Syed, CEO Unilever Pakistan, Syed Anis Ahmed, CEO Abbott Laboratories Pakistan Nadeem Lodhi, CEO CitiBank N.A.

Ghiasuddin Khan, CEO Engro Corporation Kimihide Ando, CEO Mitsubishi Corporation Bruno Olierhoek, CEO Nestle Pakistan Jawwad Ahmed Cheema, CEO Shell Pakistan Shahzad G. Dada, CEO Standard Chartered Bank.

The incoming OICCI President, Khalid Mansoor, in his message to the members, said that OICCI's was playing its active role for the promotion of Pakistan as a land of opportunities with considerable growth potential especially for foreign investors.

Besides, OCCI had also active participation in streamlining taxation system, policy input on resolving energy supply gap, improving security environment especially in Karachi and improving Intellectual Property Rights in Pakistan.

The above were some of the practical initiatives appreciated by the government, media and other key stakeholders, he said. He informed that the OICCI members collectively invest in excess of Dollars one billion annually to meet the growth opportunities in their business.

Khalid Mansoor was quite hopeful that FDI in the country would show growth in tandem with the investment in the CPEC projects. He is also the Chairman of Laraib Energy Limited and Hub Power Services Ltd., Chairman and CEO of Narowal Energy Ltd., CEO of Hub Power Holdings Limited and Thar Energy Limited.

He also represents Hubco on the board of Sindh Engro Coal Mining Company. The OICCI was the collective voice of all major foreign investors in Pakistan, established over 150 years ago in 1860.