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Gulf Press > Business > Foreign investors express worries about deteriorating security situation in Pakistan
Business

Foreign investors express worries about deteriorating security situation in Pakistan

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Last updated: 2024/07/12 at 6:49 AM
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The Overseas Investors Chamber of Commerce and Industry (OICCI) in Pakistan recently released its yearly report, highlighting the worsening security situation in the country, with a specific focus on Karachi. The report revealed that Karachi has seen a rise in street crime incidents, leading to an increase in the perception of insecurity among the respondents surveyed. Similar trends were noted in Sindh and Balochistan, with respondents expressing concerns over the deteriorating security situation in these regions. However, some marginal improvements were noted in Lahore, Punjab Province and Peshawar.

The OICCI report emphasized the importance of sustained efforts by law enforcement agencies to enhance security in Pakistan, as this is crucial for attracting foreign direct investment (FDI). According to the report, the unstable economy and critical security situation have impacted the visits of foreign nationals seeking business opportunities in the country. Detailed feedback from international investors highlighted various security concerns, including street crimes, expatriate security, illegal gratification, and protests, which continue to hinder business operations in Pakistan.

In a separate report by The Human Rights Commission of Pakistan (HRCP), a grim state of human rights in Sindh province was revealed, with a significant rise in street crime, kidnappings, and violations of civic and fundamental rights. The report highlighted a heavy-handed response from state authorities, along with enforced disappearances and violence targeting vulnerable groups, further exacerbating the situation. The urgent need for action to address civic and fundamental rights violations was stressed, with a rise in enforced disappearances and extrajudicial killings in different districts across the province.

The security operation near Sakrand resulted in extrajudicial killings and injuries, further highlighting the challenges faced by vulnerable groups in Sindh. The report also noted the arrest and deportation of numerous Afghan refugees and migrants following an executive order by the federal caretaker government. These developments underscore the need for comprehensive security measures and protection of human rights in Pakistan to ensure a conducive environment for business operations and investment.

Overall, the reports from OICCI and HRCP paint a concerning picture of the security situation and human rights violations in Pakistan, particularly in regions like Karachi and Sindh province. Addressing these issues will be crucial not only for the safety and well-being of the local population but also for attracting foreign investment and promoting economic growth in the country. Collaborative efforts from the government, law enforcement agencies, and civil society organizations will be essential in addressing these challenges and improving the security and human rights situation in Pakistan.

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News Room July 12, 2024
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