LAHORE, Mar 31 (APP):The government needs to introduce a comprehensive and investor-friendly package aimed at repatriating overseas investments of Pakistani business community back into the country. Pak International Business Forum (PIBF) President Dr Mushtaq Mangat and Secretary General Muhammad Ejaz Tanveer said in a joint media statement issued here Tuesday. PIBF leadership highlighted that Pakistan is currently at a critical economic juncture, where the mobilization of both domestic and expatriate …
Call for onvestment package to repatriate overseas capital
LAHORE, Mar 31 (APP):The government needs to introduce a comprehensive and investor-friendly package aimed at repatriating overseas investments of Pakistani business community back into the country.
Pak International Business Forum (PIBF) President Dr Mushtaq Mangat and Secretary General Muhammad Ejaz Tanveer said in a joint media statement issued here Tuesday.
PIBF leadership highlighted that Pakistan is currently at a critical economic juncture, where the mobilization of both domestic and expatriate capital can play a pivotal role in strengthening foreign exchange reserves, accelerating industrial growth, and generating much-needed employment opportunities.
Dr Mushtaq Mangat stressed the need for a time-bound incentive package that facilitates the seamless return of capital through simplified and transparent procedures. He underscored that such a policy framework must include tax incentives, legal protection of investments, and firm assurances against retrospective taxation to restore investor confidence and encourage long-term commitments.
Muhammad Ejaz Tanveer pointed out that regional economies are actively offering competitive incentives to attract foreign and diaspora investments. He further emphasized the importance of establishing a one-window operation to streamline processes and significantly improve the ease of doing business.
The PIBF leadership also recommended meaningful consultation with key stakeholders, including chambers of commerce and overseas investors, to ensure the formulation of a practical and results-oriented policy. They concluded that timely and decisive action by the government could unlock substantial capital inflows and place the national economy on a sustainable growth trajectory.
