Traders, industrialists should repatriate capital to improve national economy: SM Tanveer

Patron-in-Chief of United Business Group (UBG) and Korangi Association of Trade and Industry (KATI) S. M. Tanveer stressed the need for coordinated efforts to strengthen Pakistan’s economy, improve the investment climate and restore confidence in the business sector

KARACHI, (UrduPoint / Pakistan Point News - 16th Apr, 2026) Patron-in-Chief of United Business Group (UBG) and Korangi Association of Trade and Industry (KATI) S. M. Tanveer stressed the need for coordinated efforts to strengthen Pakistan’s economy, improve the investment climate and restore confidence in the business sector.

Speaking at a dinner hosted by prominent industrialist and Chairman of United Business Group Sindh, Khalid Tawab, in honour of Inspector General of Police Sindh Javed Alam Odho and KATI leadership led by President Muhammad Ikram Rajput here Thursday, SM Tanveer, said the government is fully aware of the tax-related and other problems confronting traders and industrialists and is working to facilitate them. He added that several positive measures were expected in the upcoming budget, which would likely benefit the business community.

SM Tanveer said he has been touring the country under the federation’s platform to help formulate a practical strategy for improving the economy. He stated that Pakistan is in safe hands and that everyone must play their part in the country’s progress.

He urged the traders and industrialists to bring their capital back to Pakistan, saying that while their businesses operate in the country and their children study here, they often transfer their wealth abroad, which harms the national economy. “If we truly love our country, we should bring our money back to Pakistan,” he remarked.

Addressing the gathering, IG Sindh Javed Alam Odho paid rich tribute to the late SM Muneer, calling him his benefactor and saying he would always remember him.

He noted that policing systems around the world are changing, and Sindh Police is also undergoing reforms to modernize its operations.

He said the police force faces challenges due to the low educational level of many personnel, making it difficult to match the performance standards of developed countries. He added that better results could be achieved by improving the balance between officers and constables.

Referring to his previous posting in Dadu, he said kidnapping incidents were once common there, but through different strategies the police managed to control crime and restore peace. He added that the force is now focusing on Safe City projects, digitization, technology integration and traffic reforms. He said the absence of criminal incidents on the Motorway and Indus Highway during Eid was evidence of the effective use of modern technology.

KATI President Muhammad Ikram Rajput said Pakistan is gaining importance at the global level, with major international decisions now increasingly appearing to be made in Islamabad. He said this has also enhanced the value of the Pakistani passport.

The event was attended by Senator Abdul Haseeb Khan, FPCCI President Atif Ikram Sheikh, UBG President Zubair Tufail, Mian Zahid Hussain, businessman Arif Habib, Abdul Sammi Khan, Deputy Commissioner Korangi Masood Bhutto, DG-FIA Mujahid Akber, DIG Traffic Pir Muhammad Shah, DIG Asim Kaimkhani, Ameen Farooqi, Olympian Islahuddin, Farhan Hanif, Hyderabad Chamber representative Iqbal Hussain Baig and a large number of traders and industrialists.