Chairman IPO-Pakistan, Farukh Amil visits the OICCI

Karachi, March 21, 2023 (PPI-OT):Chairman Intellectual Property Organization of Pakistan (IPO-Pakistan), Farukh Amil, along with Muhammad Rafique, Registrar trademarks, Syed Nasrullah, Registrar Copyrights, Saima Kanwal, Senior Patent Examiner and Tafseer Fatima, Senior Patent Examiner, visited OICCI for a meeting with OICCI leadership and discuss the issues related to the registration and protection of Intellectual Property Rights (IPR). Amir Paracha, President OICCI, M. Abdul Aleem, CE/Secretary General OICCI, Kashif Shafi, Executive Director, OICCI, and OICCI IPR Core Team members including Aman Ghanchi, Usman Javed Altaf and Shaheryar Siddiki welcomed the guests.

M Abdul Aleem presented brief profile of the OICCI, snapshot of members’ contribution to the economy, the role of the Chamber in facilitating FDI in the country, the research activities carried out and members’ perception about the IPR environment in the Country reflected in OICCI IPR Survey 2022. Brand owners consider Intellectual Property (IP) as an important issue and therefore, sound enforcement of IP laws is important for bringing FDI to the country besides cultivating the culture of innovation and research. Weak enforcement of IPR not only deprives country from sizable revenues in form of duties and taxes but also adversely impacts the health and well-being of the citizens. To improve the enforcement of IPR, OICCI recommended the following:

Increase the monetary penalty on IPR infringements, current level of penalty is too low to act as a deterrence.

A task force, chaired by IPO-Pakistan and representation from OICCI, should be made at District or Division level, with Police, FIA and Customs.

Minister of Commerce should monitor the performance of the task force on quarterly basis. OICCI can pro-actively, engage the Ministry to ensure that this task force should deliver.

Legal support can be provided by in the form of engaging public prosecutor to ensure that matters in court can pro-actively be managed.

Consumer courts should be activated. Awareness and Training Sessions for Judiciary, Law Enforcement Agencies and IPO-Pakistan Staff should also be conducted regularly.

Digitization to expedite the registration process and Data sharing and coordination between IPO-Pakistan and DRAP for increased efficiency should be focused.

The Chairman, Farukh Amal, thanked senior management of OICCI for hosting their visit and appreciated the feedback and suggestions presented. He informed that IPO-Pakistan is in process of upgrading various laws, including Copyright and Patent Ordinances to improve the IPR regime in Pakistan. He assured that IPO-Pakistan will make every effort to uphold the IPR regime in Pakistan and will give full support to OICCI members in resolving their concerns.

Amir Paracha thanked the Chairman and the delegation for visiting OICCI and listening to the concerns of foreign investors. He hoped that such meaningful interaction will continue in the future as well.

For more information, contact:
Overseas Investors Chamber of Commerce and Industry (OICCI)
Chamber of Commerce Building, Talpur Road, P.O. Box 4833,
Karachi – 74000, Pakistan
Tel: +92-21-32410814-5
Fax: +92-21-32427315
Email: info@oicci.org
Website: http://oicci.org/

The post Chairman IPO-Pakistan, Farukh Amil visits the OICCI appeared first on Business News Pakistan.

Haroon Rashid Elected as President of OICCI

Karachi, July 01, 2020 (PPI-OT): Haroon Rashid, CEO Shell Pakistan Limited, has been elected as the President of the Overseas Investors Chamber of Commerce and Industry (OICCI). His appointment came following a successful tenure of Mr. Shazad Dada, who resigned as the President of OICCI after resigning from Standard Chartered Bank and taking over as President of United Bank Limited.

Irfan Siddiqui has been elected as the Vice President of the OICCI. Irfan is the founding President/CEO of Meezan Bank Limited. He initiated the formation of Al-Meezan Investment Bank in 1997, which was converted into a full-fledged scheduled Islamic Commercial Bank in May 2002 – the first-ever Islamic Commercial banking license given in Pakistan.

Commenting on his appointment as the President of OICCI, Haroon Rashid was very upbeat and said,

It is really an honour to have been elected as the President of a prestigious organization like the OICCI, which is the largest chamber in the country in terms of economic contribution, contributing over one-third of all government levies and is also the largest foreign investor in the country. Haroon was appreciative of the “proactive role of the Government of Pakistan in managing the enormous challenge posed by the COVID-19 pandemic”.

OICCI President added: OICCI members are fully cognizant of the need to ensure that the wheels of the economy keep moving, business activities continue, with full safety guidelines enforced and all stakeholders are well-taken care of. OICCI believes in the economic and investment potential of Pakistan which, with forward-looking policies, and their robust implementation will put Pakistan back as one of the most promising countries for foreign and local investors.

Haroon Rashid is the Chief Executive and Managing Director of Shell Pakistan Limited, where he has been a Director on the Board since 2011. He joined Shell in 1995 after graduating from Lahore University of Management Sciences (LUMS). Haroon has had a diverse experience at Shell in Pakistan, United Kingdom, and Singapore and has held various senior leadership roles in Sales, Marketing, Downstream Strategy Consultancy, Trading and Supply, and Aviation.

Originally established in 1860, Overseas Investors Chamber of Commerce and Industry (OICCI), is the largest Chamber of Commerce in Pakistan based on economic contribution in the form of taxes and investment by its members and is the collective voice of over top 200 foreign investors in Pakistan, including over 50 Fortune 500 companies, who contribute about one-third of the total tax collection in the country and a significant portion of the GDP. Coming from 35 countries and working in 14 key sectors of the economy, OICCI members are leaders not only in economic activities and investment but are also thought leaders in the transfer of technology and in CSR activities.

For more information, contact:
Overseas Investors Chamber of Commerce and Industry (OICCI)
Chamber of Commerce Building, Talpur Road, P.O. Box 4833,
Karachi – 74000, Pakistan
Tel: +92-21-32410814-5
Fax: +92-21-32427315
Email: info@oicci.org
Website: http://oicci.org/

OICCI calls for Integrated Planning for Energy Value Chain

Karachi, February 26, 2020 (PPI-OT):The Overseas Investors Chamber of Commerce and Industry (OICCI) has launched its ‘OICCI Energy Report 2019’ today. The report is based on the recommendations of the 31 leading international energy sector companies operating in Pakistan, who are members of the chamber.

Pakistan’s energy sector has witnessed significant transformation over the past five years, with the power generation capacity increasing rapidly to over 39000 MW by mid-2019, with the inclusion of two large RLNG based power plants, Thar coal project and imported coal-based power plants leading to a major shift in the energy mix.

Despite the relative fast paced increase in the generation and transmission capacity, over 60 million Pakistanis do not have access to electricity from the grid, which not only impacts the economic growth of the country, but the economic exclusion has a social impact also. On top of this, the mounting circular debt, in excess of Rs 1.9 Trillion, and the inability of distribution companies to arrest the ever increasing technical and non-technical losses, continue to burden the national exchequer by an additional Rs 40-50 Billion annually.

Presenting the report, CE/Secretary General, OICCI, M. Abdul Aleem commented that “OICCI Energy Report 2019 includes a number of recommendations to streamline the Oil and Gas and Power sectors. For the Upstream oil and gas exploration sector, the report recommends that besides the estimated 30 onshore blocks that may be available for bidding, offshore blocks should also be considered and about 5-10 blocks should be offered every 3-6 months, so that there is a steady flow of new acreage to accelerate indigenous E and P activities. For the Downstream Oil Refining and Marketing sector, OICCI recommends that motor gasoline and diesel front and back-end price should be deregulated. Moreover, an Integrated Energy Planning (IEP) approach must be adopted and components of the Power Value Chain should be liberalized to bring operational efficiency and reduce energy costs”.

“The Ministry of Energy is playing a pivotal role in introducing structural reforms to address Pakistan’s prevalent energy issues. However, it is imperative that relevant stakeholders, such as the OICCI, are involved for these to be successful” commented M. Abdul Aleem adding that “OICCI is aware of the government’s plan to offer 18 onshore exploration blocks for bidding, approval for 5 LNG companies to set up regasification terminals at Port Qasim (PQA) and initiative to develop an Integrated Energy Plan.”

OICCI Energy Report 2019 is the collective effort of the 31 OICCI members belonging to the energy sector, who are associates of leading international players working in the areas of oil exploration, refining, marketing and distribution, coal mining and power generation segments. They cumulatively contribute over Rs 600 Billion annually to the national exchequer and employ a large number of skilled and professional staff.

The nearly 200 OICCI members contribute about a third of the country’s total tax collections, invested nearly US$ 3.0 billion last year in new investments and employ about one million people with a significantly larger contribution to the socio economic development of the community.

For more information, contact:
Overseas Investors Chamber of Commerce and Industry (OICCI)
Chamber of Commerce Building, Talpur Road, P.O. Box 4833,
Karachi – 74000, Pakistan
Tel: +92-21-32410814-5
Fax: +92-21-32427315
Email: info@oicci.org
Website: http://oicci.org/

Shazad Dada elected President of OICCI – the largest business Chamber in Pakistan based on economic contribution

Karachi, January 31, 2020 (PPI-OT): Chief Executive Officer, Standard Chartered Bank Pakistan Limited has taken over as the President of the Overseas Investors Chamber of Commerce and Industry (OICCI) for the 2020 term. This was announced at the 160th Annual General Meeting of the OICCI held at the Chamber on Friday, January 31, 2020. Mr. Haroon Rashid, Managing Director Shell Pakistan Limited, was elected unopposed as the Vice President.

The other elected members of the OICCI Managing Committee for 2020 are as follows:

1. MR. SYED ANIS AHMED – ABBOTT LABORATORIES (PAKISTAN) LIMITED

2. MR. IMRAN AHMAD KHAN – BAYER PAKISTAN (PVT) LIMITED

3. MR. GHIASUDDIN KHAN – ENGRO CORPORATION LIMITED

4. MR. IRFAN SIDDIQUI – MEEZAN BANK LIMITED

5. MR. MAREK ANDZEJ MINKIEWICZ – METRO PAKISTAN (PVT) LTD

6. MR. ASTUSHI FUJII – MITSUBISHI CORPORATION

7. MR. SAMER CHEDID – NESTLE PAKISTAN LIMITED

8. DR. IMRAN RASHEED – NOVARTIS PHARMA (PAKISTAN) LIMITED

The Incoming OICCI President Shazad Dada in his message to the members said that he strongly believes that Pakistan offers considerable growth potential for existing foreign investors and attractive opportunities for new investors. He said his conviction is supported by OICCI members who invested over US$ 13 billion in new capital expenditure in the last seven years. He opined that the current dip in the economic cycle of the country will soon revert back to a positive growth trend.

He lauded the role of OICCI for promoting Pakistan to potential foreign investors during the Chamber’s regular interaction with foreign business and governmental delegations and senior diplomats based in and outside Pakistan. Shazad also appreciated the quality of OICCI business climate/perception surveys, the Chamber’s focused and continuing advocacy efforts for streamlining the taxation system, giving practical policy input for increasing the efficiency of energy sector, initiatives on women empowerment and gender equality, the Chamber’s role in improving the security environment, and in taking the Intellectual Property Rights regime in Pakistan to a higher level, which included the publication of a comprehensive IPR manual for the benefit of all innovators and brand owners.

Shazad Dada is the Chief Executive Officer and member of the Board of Directors of Standard Chartered Bank (Pakistan) Ltd. He graduated with honours from University of Pennsylvania with Bachelors of Science and Bachelors of Arts degrees, and also has an MBA from the Wharton Business School, University of Pennsylvania. He is a seasoned banker and a prominent capital markets professional, with over 26 years of diverse experience with renowned financial institutions in the United States and Pakistan.

Prior to joining Standard Chartered, he was the CEO of Barclays Pakistan. Shazad has also worked at the Deutsche Bank Securities Inc in New York for over 15 years in various capacities before moving back to Pakistan as Managing Director Deutsche Bank AG Pakistan.

Shazad is the Chairman of the Board of Trustee of Developments in Literacy (DIL) Pakistan, member of Board of Directors British Business Centre Pakistan. He is also a Council member of Institute of Bankers Pakistan. Shazad was recently recognised as the sixth top Advocate Executive globally by the HERoes Women Role Model Lists 2019 supported by Yahoo Finance for his achievements in promoting gender diversity at workplace. He is an avid golfer with a keen interest in a number of other sports.

For more information, contact:
Overseas Investors Chamber of Commerce and Industry (OICCI)
Chamber of Commerce Building, Talpur Road, P.O. Box 4833,
Karachi – 74000, Pakistan
Tel: +92-21-32410814-5
Fax: +92-21-32427315
Email: info@oicci.org
Website: http://oicci.org/

Director IPR Enforcement, Pakistan Customs, Mr. Amer Rashid visits the OICCI

Karachi, December 19, 2019 (PPI-OT): Director IPR Enforcement, Pakistan Customs (South Region), Mr. Amer Rashid visited the OICCI on December 18, 2019, for an interactive session with the members of the OICCI Intellectual Property Rights (IPR) and Digital Subcommittee. He was welcomed by SG/CE, OICCI, Mr. M. Abdul Aleem.

The objective was to share different success stories resulting from the collaboration of MNCs and Customs and to identify the key areas in which the Customs team could collaborate with the OICCI members to ensure that robust enforcement continues to take place at import stage. Mr. Amer Rashid mentioned several cases of seizure of counterfeit goods being imported in the country.

He also explained the cases of genuine products being exported to Pakistan from other regional offices of the MNCs, thus giving rise to violation of territorial rights. He also shared that Pakistan Customs was increasingly becoming more proactive in seizing counterfeit products and destroying them, including those coming through the Afghan Transit Trade. He further informed that Pakistan Customs had signed MOUs with the two of the major e-commerce companies in Pakistan to curb the online sales of counterfeit products.

In conclusion, Mr. Amer requested for support from the OICCI members to work with Customs and indemnify them to take action if they suspect import of counterfeit or undervalued items. He also requested the OICCI to arrange for training workshops with the Customs’ representatives, in order to educate its members on approaching Customs to take action against the counterfeiters.

The meeting ended with a thought provoking Q and A session and it was mutually agreed that this engagement shall continue and more OICCI members shall be encouraged to cooperate with the Customs team for better IPR enforcement in Pakistan.

For more information, contact:
Overseas Investors Chamber of Commerce and Industry (OICCI)
Chamber of Commerce Building, Talpur Road, P.O. Box 4833,
Karachi – 74000, Pakistan
Tel: +92-21-32410814-5
Fax: +92-21-32427315
Email: info@oicci.org
Website: http://oicci.org/

Governor Sindh commends OICCI as role model for empowering women at 2nd Women Empowerment Awards

Karachi, December 10, 2019 (PPI-OT): ‘The Overseas Investors Chamber of Commerce and Industry (OICCI) and its member companies are role models for empowering women at the workplace and the corporate sector across Pakistan should follow the ‘OICCI Women’ initiative to foster economic growth of the country’, Governor Sindh, Imran Ismail, remarked while commending the efforts of foreign investors at the OICCI Women Empowerment Awards 2019 organized here in a local hotel.

The Governor Sindh who was the chief guest at the event further observed that “Women constitute a large ratio of the population in Pakistan. In the past few years, women have been getting higher education and subsequently employment in the business sector. Similarly, women are also the main consumers in a number of niche businesses. It is imperative to give women equal employment opportunity and congenial working environment for the economy to grow.”

He added that OICCI Women is a great platform to join, create a movement for women empowerment and acknowledge the efforts of prominent performers at the awards ceremony like OICCI has been doing for past couple of years. The ceremony was attended by a large number of CEOs, HR Executives and corporate professionals from different OICCI member companies, as well as diplomats and other distinguished guests.

President OICCI, Shazia Syed, informed that OICCI has been advocating for women empowerment for past 2 years and it is the second edition of the awards this year. It is time to acknowledge the efforts of OICCI members and give awards to the outstanding performers.

She said, “In a global world, empowerment of women and gender equality are essential tools to achieve sustainable development. Therefore, it is important to bring women into the mainstream so that they participate fully in all sectors, to build strong economies and improve the quality of life for women, men, families and communities.”

She shared the statistics that OICCI member companies the percentage of women employees is a little over 13% which she opined ‘is below par’. Similarly, there are about 11.7% of women in top leadership; 11.9% in middle management; 12.2% in junior management and 12.1% in non-management cadre amongst OICCI member companies. “These numbers need to improve further by the collective efforts of all members as there is a long way to go,” Shazia Syed added.

The awards were judged by an independent jury who vetted the performance of the companies from different angles and awarded the best performers overall and in seven separate categories. Three companies emerged victorious across all the categories and won top three positions for the main “OICCI Women Empowerment Award 2019.” P and G and Telenor were declared the first and second runner-up while Unilever won the top position and became ‘Champion of 2019.’

Special Recognition Awards were given in seven categories. Reckitt Benckiser won in the ‘Leadership and Strategy’ category; Sanofi Aventis in ‘Gender Balance Workforce’; Nestle in ‘Work Life Integration’; GlaxoSmithKline in ‘Women Leaders Development’; Philp Morris in “Growth in Number of Women in Top Leadership”; Total Parco in “Notable Growth in Women Empowerment” and Pak Brunei Investment bagged the ‘Top Performer amongst small-sized companies’ Award.

The representatives of the winning companies shared their best practices with the audience and pledged to broaden their horizon in the area of women empowerment as there is still a long way to go in Pakistan. The OICCI Managing Committee congratulated the winners and hoped to see OICCI Women initiative become an inspiration for all organizations across the country as well as in other walks of life.

For more information, contact:
Overseas Investors Chamber of Commerce and Industry (OICCI)
Chamber of Commerce Building, Talpur Road, P.O. Box 4833,
Karachi – 74000, Pakistan
Tel: +92-21-32410814-5
Fax: +92-21-32427315
Email: info@oicci.org
Website: http://oicci.org/

OICCI Members Spend 5.5 Billion on CSR activities in 2018-19

Karachi, October 15, 2019 (PPI-OT): The Overseas Investors Chamber of Commerce and Industry (OICCI) member companies spent Rs 5.5 billion during 2018-19 and directly benefited 5.8 million people across Pakistan as part of its CSR activities. As per 2018-19 Corporate Social Responsibility (CSR) Report, which highlights the key social and community related activities of foreign investors operating in the country, member companies continued their efforts for community welfare and collective good the employees.

There has been growing realization among the businesses that fulfilling social responsibility means doing good business. Hence, there has been a widespread engagement of the leading corporates in adopting various forms of social activities depending upon the need of the society in their area of operations.

The landscape of CSR initiatives and activities is improving rapidly as the corporate sector in the country has been widely adopting the CSR and Sustainability practices and making them permanent feature of the businesses. The social areas such as education, human capital development, healthcare, nutrition, environment and infrastructure development are the main focus of the businesses to reach out to the underprivileged sections of the population.

About 200 leading foreign investors as part of OICCI platform are among other members who besides doing good business, are investing over PKR 300 billion annually in expanding their footprint, contributing a lion’s share of the tax revenue of the country, are also rated as the trendsetter and among the prominent social developers of Pakistan through their CSR and sustainable initiatives.

As a result of untiring CSR activities of 82 OICCI members only during 2018-19, over PKR 5.5 billion were invested on CSR and reached out to around 58 million direct beneficiaries throughout Pakistan. OICCI members and their employees spent around 1.2 million man-hours and partnered with 160 social and development sector organizations in fulfilling their unique CSR program. The geographic distribution of the CSR activities has been 32% in Sindh, 27% in Punjab, 15% in Khyber Pakhtunkhwa, 10% in Balochistan, 8% in Azad Kashmir, and 4% each in FATA and Gilgit-Baltistan.

In terms of specific social sector, Human Capital Development and Health and Nutrition remained key focus areas. Human Capital Development initiatives attracted the attention of 90% of the members helping to meet the growing need for improving the human development in the country. Many of our members have funded new school facilities and made contributions towards vocational training programs for skills development of the youth.

Moreover, 86% of the members actively supported health and nutrition related initiatives through donations to reputable hospitals, medical care camps and health awareness campaigns. Infrastructure Development was also one of the growing areas of interest for 65% of the members who assisted communities in the vicinity of their respective major operating facilities.

For more information, contact:
Overseas Investors Chamber of Commerce and Industry (OICCI)
Chamber of Commerce Building, Talpur Road, P.O. Box 4833,
Karachi – 74000, Pakistan
Tel: +92-21-32410814-5
Fax: +92-21-32427315
Email: info@oicci.org
Website: http://oicci.org/