Interior Minister Mohsin Naqvi has urged Pakistan’s business community to bring back at least 30% of their overseas wealth, saying such a move could inject up to $10 billion into the economy before the upcoming federal budget.
Speaking at an event in Karachi, Naqvi said around $100 billion had been moved abroad over the past three to four years, stressing that even partial repatriation would significantly ease economic pressures.
His remarks come as Pakistan prepares to repay $3.5 billion to the United Arab Emirates this month after failing to secure a rollover of the debt for the first time in seven years. The repayment is expected to strain foreign exchange reserves, currently hovering near $16 billion—equivalent to roughly three months of import cover.