Imran Zakir
KARACHI: The business community expressed strong support for Pakistan’s evolving economic policies and emphasized the urgent need to repatriate overseas capital to reduce reliance on the International Monetary Fund (IMF), during a high-profile dinner hosted by the United Business Group (UBG), in honor of Inspector General Sindh Police, Javed Alam Odho.
Speaking as the keynote guest, Patron-in-Chief UBG and former Punjab minister S.M. Tanveer stressed that Pakistan has the capacity to achieve economic independence by bringing back wealth held abroad. He described IMF loans as manageable, urging unity within the business community to strengthen the national economy. He also noted a positive shift in the government’s approach over the past three months, particularly regarding tax-related issues and business facilitation.
Chairman UBG Sindh, Khalid Tawab, highlighted civic challenges, including traffic congestion during PSL events, and proposed infrastructure solutions such as constructing a hotel near the National Stadium. He also called for consistent, long-term economic policies to ensure sustainable growth.
Renowned businessman Arif Habib appreciated the government’s fiscal discipline, citing a reported surplus of 4.1 percent, while stressing the need to abolish super tax, reduce energy costs, and introduce business-friendly reforms. He acknowledged the IMF’s role in economic stabilization but underscored the importance of reducing the tax burden to boost investment.
Addressing the gathering as chief guest, IG Sindh Javed Alam Odho paid tribute to late business leader S.M. Muneer and highlighted ongoing police reforms. He shared that modern technology, including drone operations, has significantly improved law enforcement, particularly in operations against criminal networks in katcha areas.
The event was attended by prominent businessmen, government officials, and UBG members, reflecting a unified commitment to economic progress and improved governance.
