Standard Chartered Bank Pakistan Limited Chief Executive Officer Shazad Dada has taken over as president of the Overseas Investors Chamber of Commerce and Industry (OICCI) for the 2020 term.
This was announced at the OICCI’s 160th Annual General Meeting held at the chamber on Friday.
Shell Pakistan Limited Managing Director Haroon Rashid was elected unopposed as the vice president.
Other elected members of the OICCI managing committee for 2020 included Syed Anis Ahmed of Abbott Laboratories (Pakistan) Limited, Imran Ahmad Khan of Bayer Pakistan (Pvt) Limited, Ghiasuddin Khan of Engro Corporation Limited, Irfan Siddiqui of Meezan Bank Limited, Marek Andzej Minkiewicz of Metro Pakistan (Pvt) Ltd, Astushi Fujii of Mitsubishi Corporation, Samer Chedid of Nestle Pakistan Limited and Dr Imran Rasheed of Novartis Pharma (Pakistan) Ltd.
In his message to the members, incoming OICCI president Shazad Dada said 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 $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 to a positive 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 Dada 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 CEO and member of the Board of Directors of Standard Chartered Bank (Pakistan) Ltd. He graduated with honours from the 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.