Pakistan's Permanent Representative at the United Nations in Geneva Farukh Amil has been elected as President of Commission on Investment, Enterprise and Development of the United Nations Conference on Trade and Development (UNCTAD), reported Radio Pakistan.

The election took place at the ninth annual session of the Commission in Geneva.

Foreign Office has described Pakistan's election to lead the UN Commission on Investment as reflection of international community's recognition of the country's role as an important player in multilateral fora on trade and development.

Pakistan's presidency and active participation at the forum will provide opportunity to share experiences as well as learn best practices to help improve investment climate in the country.

Pakistan is set to assume the Chairmanship of the Group of 77 and China in Geneva for 2018 due to its role in the United Nations development machinery.