ISLAMABAD - The Islamabad Chamber of Commerce and Industry (ICCI) has called upon all multinational companies to ensure at least 15 per cent profit margin to retailers.

“Various multinational companies which are working in Pakista, are offering very little profit margin to retailers”, Zafar Bakhtawari said in a meeting with Ahsan Iqbal, General Manager Coca Cola Beverages Pakistan, here on Tuesday.

Zafar Bakhtawari said that Pakistan is the land of opportunities, it offered profitable investment opportunities to both local and foreign investors while private investment was being encouraged in major sectors of the economy.

He said that Pakistan is a peaceful nation and overall business environment is very well. The presence of a large number of foreign companies shows confidence in the business environment, as they are doing profitable business, he maintained.

He said that there is greater need to encourage foreign companies to make investments at large scale as well as existing multinational companies should adopt some expansion plans like telcos which were making huge profits in Pakistan and contributing in enhancing the overall economic activities.

Ahsan Iqbal said that appointment of Bakhtawari as president of ICCI would further enhance the relationship of business community with diplomatic circle which would ultimately put a positive image of Pakistan in all over the world and improve the level of foreign investment in our country.

He said that the company also intended to invest another $300 million in Pakistan which would further generate employment opportunities in the country.