KARACHI: Federal Interior Minister Mohsin Naqvi has urged Pakistan’s business community to repatriate a significant portion of their overseas wealth ahead of the upcoming federal budget, stressing that even a partial return could make a major economic impact.
Addressing a gathering at the Federation House, Naqvi called on investors to bring back 20–30 percent of their foreign-held assets within the next three months, describing the move as both practical and beneficial. He emphasized that the process is simple and can be completed online through available digital platforms.
“If the business community takes this initiative, it will encourage the government to introduce further pro-business measures,” he said, adding that Pakistan currently offers strong returns on investment.
Naqvi expressed confidence that repatriating $10 billion before the budget is “easily possible,” and could help stabilize the economy while boosting investor confidence.
During his speech, the minister also revealed that the government is working on a proposal to introduce a special passport for businesspersons, aimed at easing international travel hurdles. The plan will soon be presented to Prime Minister Shehbaz Sharif.
Highlighting the challenges faced by legitimate entrepreneurs, Naqvi noted that visa complications in key markets including China, the United States, Europe, and the United Kingdom have affected business operations. He added that misuse of visa systems by a few individuals has led to broader restrictions impacting genuine businessmen.
The proposed measures, he said, are part of broader efforts to support Pakistan’s business community and strengthen economic activity ahead of the budget.
