KARACHI: Khalid Mansoor, Chief Executive Officer Hub Power Company Limited, has taken over as the President of the Overseas Investors Chamber of Commerce and Industry (OICCI) for the 2017 term. This was announced at the 157th Annual General Meeting of the OICCI held at the chamber on Tuesday, January 31, 2017. Nauman Ansari, President and Chief Executive Officer Faysal Bank Limited, was elected unopposed as the 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 and Shahzad G. Dada, CEO Standard Chartered Bank. The incoming OICCI President, Khalid Mansoor, in his message to the members said that OICCI’s active promotion of Pakistan as a land of opportunity with considerable growth potential especially for foreign investors, 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, are some of the practical initiatives appreciated by the government, media and other key stakeholders. He informed that the OICCI members collectively invest in excess of USD 1 billion annually to meet the growth opportunities in their business. Khalid Mansoor is hopeful that FDI in the country will show growth in tandem with the investment in the CPEC projects. He emphasised the need to proactively manage issues relating to Ease of Doing Business as well as negative perception of the country, which is largely not in line with positive reality on the ground. Mansoor is confident that with better governance, improved policy implementation and robust accountability, Pakistan will soon see a healthy growth in FDI level. Khalid Mansoor is a graduate in Chemical Engineering with distinction and honours. He has been the Chief Executive Officer of Hubco since May 20, 2013. Hubco is first and the largest Independent Power Producer (IPP) in Pakistan. The company generates approximately 10% of the country’s electricity and has been playing an important role in addressing the energy crisis being faced by Pakistan. Khalid Mansoor is also the Chairman of Laraib Energy Limited and Hub Power Services Ltd., Chairman & CEO of Narowal Energy Ltd., CEO of Hub Power Holdings Limited and Thar Energy Limited – the HUBCO subsidiaries. He also represents Hubco on the Board of Sindh Engro Coal Mining Company.