Sha­hab Rizvi re­places Atif Ba­jwa as Pres­i­dent OICCI

The Pak Banker - - COMPANIES/BOSS -

Sha­hab Rizvi, Coun­try Pres­i­dent and Chief Ex­ec­u­tive Of­fi­cer, No­var­tis Pharma (Pak­istan) Lim­ited has been elected as the Pres­i­dent of the Over­seas In­vestors Cham­ber of Com­merce and In­dus­try (OICCI) for the year 2016.

This was an­nounced at the 156th An­nual Gen­eral Meet­ing of the OICCI held at the Cham­ber on Mon­day. Khalid Man­soor, Chief Ex­ec­u­tive Of­fi­cer, Hub Power Com­pany Lim­ited was elected as the Vice Pres­i­dent. The other elected mem­bers of the OICCI Man­ag­ing Com­mit­tee for 2016 are Aftab Hu­sain Man­ag­ing Di­rec­tor and Chief Ex­ec­u­tive Of­fi­cer, Pak­istan Re­fin­ery Lim­ited, Kim­i­hide Ando Chief Ex­ec­u­tive Of­fi­cer, Mit­subishi Cor­po­ra­tion, Marek An­drzej Minkiewicz Chief Ex­ec­u­tive Of­fi­cer, Metro Habib Cash & Carry Pak­istan (Pvt) Lim­ited, Mr. Nau­man An­sari Pres­i­dent & Chief Ex­ec­u­tive Of­fi­cer, Faysal Bank Lim­ited, Mr. Nadeem Lodhi Man­ag­ing Di­rec­tor, & Chief Ex­ec­u­tive Of­fi­cer, Citibank N.A Pak­istan, Mr. Omar Yaqoob Sheikh Chair­man and Man­ag­ing Di­rec­tor, Shell Pak­istan Lim­ited, Mr. Sami Ahmed Chief Ex­ec­u­tive Of­fi­cer, Proc­ter and Gam­ble Pak­istan (Pvt) Lim­ited, Ms. Zehra Naqvi Chief Ex­ec­u­tive Of­fi­cer, ACE In­sur­ance Lim­ited.

The In­com­ing OICCI Pres­i­dent Sha­hab Rizvi in his mes­sage to the mem­bers said OICCI's ac­tive par­tic­i­pa­tion in stream­lin­ing tax­a­tion sys­tem, pol­icy in­put on re­solv­ing en­ergy sup­ply gap, im­prov­ing se­cu­rity en­vi­ron­ment es­pe­cially in Karachi and very im­por­tant con­tri­bu­tion to­wards im­prov­ing IPR regime in Pak­istan will be the key ar­eas of fo­cus dur­ing the year.

We need to do what it takes to fa­cil­i­tate in sub­stan­tially in­creas­ing the FDI in­flow in the coun­try which re­gret­tably has gone well below ac­cept­able level de­spite im­prove­ment in the macroe­co­nomic pa­ram­e­ters.

He in­formed that OICCI mem­bers in­vest in ex­cess of US$ One bil­lion in cap­i­tal ex­pen­di­ture ev­ery year. Sha­hab has been with the Health Sec­tor since 2001, join­ing No­var­tis ini­tially in Pak­istan as Divi­sional Head for Con­sumer Health and sub­se­quently mov­ing to Middle East in 2004, based in Dubai as BU Head for Con­sumer Health (OTC) cov­er­ing GCC (excl. KSA), Le­vant, Iraq & Iran.

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