Pakistan’s overseas investors paid PKR 2.7T in taxes in 2024

Over 200 investors who have stakes in different projects, companies and ventures paid around PKR 2.7 trillion in taxes in 2024, their representative body has said in a statement.

In its annual contribution report, the Overseas Investors Chamber of Commerce and Industry (OICCI) said its over 200 members achieved a profit before tax of PKR 1.2 trillion in the financial year of 2024.

The aggregate turnover of these companies exceeded PKR 11 trillion, with members contributing PKR 2.7 trillion in government levies. This number translates to around 30% of the tax collected by Pakistan’s Federal Board of Revenue. The total assets held by OICCI members stood at PKR 34 trillion, while capital expenditure reached over PKR 470 billion during the same period.

Despite challenging macroeconomic conditions, OICCI said its members demonstrated resilience and long-term confidence in Pakistan’s market, which was reflected in their contributions across key financial indicators.

From FY2015 to FY2024, OICCI members’ cumulative capital investment stood at $22.9 billion, exceeding Pakistan’s total net foreign direct investment inflows of $22.1 billion during the same period.

Sector-wise, oil & gas, banking, telecommunications, and chemical industries remained key contributors, accounting for the majority of turnover, assets, and taxes, OICCI said. The banking and finance sector alone represented 73% of total member assets, reflecting both profitability and expansion across financial services.

OICCI Secretary General OICCI M. Abdul Aleem said the group’s members are based in 30 countries and operate in 13 key sectors.

“Even in the face of global volatility and domestic challenges, OICCI members have not only sustained but expanded their investments, creating jobs, paying significant taxes, and driving innovation across industries.”