LAHORE/KARACHI: SM Tanveer, former president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and patron-in-chief of the United Business Group (UBG), has called on Pakistani investors to repatriate capital from the UAE property market and reinvest in Pakistan.
In a statement on Tuesday, Tanveer urged the business community to redirect investments to Pakistan, saying the country required greater private-sector support to strengthen economic stability. He described the regional environment as increasingly uncertain and appealed to investors to place confidence in domestic opportunities.
He praised Prime Minister Shehbaz Sharif and CDF and Field Marshal Asim Munir for what he termed efforts over the past two years to stabilise the economy, adding that the private sector must now play a more active role. Tanveer cited Pakistan’s strategic location, natural resources and workforce as key drivers of future growth.
Separately, Tanveer, along with Saquib Fayyaz Magoon, Chairman of BMP-Progressive and Senior Vice President of FPCCI, urged the Directorate General of Trade Organizations (DGTO) and the Ministry of Commerce to grant a 50 per cent reduction in the prescribed fee for amendments to the memorandum and articles of association of the Women Chambers of Commerce and Industry.
Referring to Notification SRO 2077(I)/2025, which amends Schedule ‘E’ of the Trade Organisations Rules, 2013, they noted that the amendment fee has been set at Rs100,000 for all trade bodies. They argued that the changes are being made to comply with DGTO directives and are not voluntary.
The two leaders said women chambers generally operate with limited financial resources and rely primarily on membership subscriptions, yet play a significant role in promoting women’s entrepreneurship and institutional capacity-building nationwide.
Tanveer said easing the fee burden would reinforce the government’s commitment to women’s empowerment and inclusive growth, while Magoon added that a concession would help ensure the sustainability and continued development of women chambers across the country.They expressed hope that the authorities would consider the request favourably in the broader interest of economic inclusivity.
