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Federal Interior Minister Mohsin Naqvi has issued a strong warning against illegal money transfers through informal channels, stating that those involved in sending funds abroad via money changers “do not deserve any leniency.”
Addressing a ceremony at the Federation of Pakistan Chambers of Commerce and Industry, the minister said that misuse of visa processes by some individuals was creating difficulties for genuine businesspersons.
He noted that the government is considering proposals to ease travel for the business community, including discussions with other countries to introduce separate passports for businessmen.
Naqvi said recommendations are being prepared for the Prime Minister, emphasizing the need to set clear financial targets before the upcoming budget. He claimed that around $100 billion had been moved out of the country over the past three to four years, adding that bringing back even 20 percent of funds held abroad could significantly ease Pakistan’s economic challenges.
He stressed that Pakistan offers strong profit potential compared to global markets and urged business leaders to repatriate part of their overseas assets. The minister also said the Federal Investigation Agency would be made more business-friendly while continuing action against illegal financial activities.
Naqvi revealed that the FIA had recently detected transactions involving six to seven individuals in Karachi who were allegedly sending dollars abroad. He said strict action had been ordered against those involved, adding that such practices undermine national interests.
He further expressed optimism that the global ranking of the Pakistani passport could improve significantly in the coming years through reforms and better governance.
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