PIBF welcomes Naqvi’s efforts aimed at repatriation of overseas assets

LAHORE: The Pakistan International Business Forum (PIBF) has welcomed Federal Interior Minister Mohsin Naqvi’s efforts to encourage Pakistani businessmen to repatriate their overseas assets and invest domestically, while stressing that such initiatives must be backed by transparent, credible, and incentive-based policies to produce meaningful results.

In a joint statement, PIBF President Dr Mushtaq Mangat and Secretary General Muhammad Ejaz Tanveer called for a comprehensive incentive package — including tax relief, investment protection, and policy consistency — to encourage overseas Pakistanis to channel their wealth into productive sectors.

The forum also urged the government to publicly disclose assets held abroad by politicians and bureaucrats, emphasising that accountability must precede expectations from the business community.

They further stressed the need to mobilise domestic investors in manufacturing and value-added sectors, noting that local investor confidence is essential to attracting foreign direct investment and achieving sustainable economic growth.

Copyright Business Recorder, 2026