PIBF urges investment package for overseas capital return
LAHORE: The Pak International Business Forum (PIBF) has urged the government to introduce a comprehensive and investor-friendly package aimed at bringing back overseas capital held by the Pakistani business community.
In a joint statement, PIBF Centeral President Dr. Mushtaq Ahmed Mangat and Secretary General Muhammad Ejaz Tanveer emphasized that Pakistan is currently passing through a critical economic phase, where mobilizing both domestic and expatriate capital is essential to strengthen foreign exchange reserves, accelerate industrial growth, and create employment opportunities.
Dr. Mushtaq Mangat highlighted the urgent need for a time-bound incentive package that ensures a smooth and transparent process for the repatriation of investments. He stressed that the policy framework must include tax incentives, legal protection for investors, and clear assurances against retrospective taxation to restore investor confidence and encourage long-term commitments.
Muhammad Ejaz Tanveer pointed out that many regional economies are actively offering attractive incentives to draw foreign and diaspora investments. He warned that without a proactive and business-friendly approach, Pakistan may miss significant opportunities. He further recommended the establishment of a one-window operation to simplify procedures and improve the ease of doing business in the country.
The PIBF leadership also called for meaningful consultation with key stakeholders, including chambers of commerce and overseas investors, to ensure that policies are practical and result-oriented. They added that timely and decisive action by the government could unlock substantial capital inflows and place Pakistan on a path of sustainable economic growth.
Meanwhile, Muaz Qazi, Chief Organizer of PIBF and Mera Brand Pakistan, also supported the initiative and emphasized that attracting overseas Pakistani investment is crucial for strengthening local industries and promoting Pakistan’s global business image. He stated that a well-structured investment package would not only restore investor confidence but also create new opportunities for entrepreneurs and exporters.
