Field Marshal Asim Munir Restores Investor Confidence: United Business Group
Karachi, August 10, 2025 Chaudhry Javed Iqbal, Vice Chairman of the United Business Group North Zone, praised the recent tax reforms, crediting Field Marshal Asim Munir with restoring investor confidence. He stated that these changes have created positive trends among the public and the business sector, while also advocating for further measures to reduce production costs.
Addressing the business community, Iqbal specifically welcomed the elimination of legal clauses that allowed junior tax officials to detain business individuals without justification. He said this amendment is crucial for restoring trust between businesses and regulators. He observed that Munir’s dual focus on economic development and national defense is gradually increasing investor confidence. The military’s commitment to economic transformation, alongside safeguarding national sovereignty, has revitalized business confidence.
Iqbal emphasized that high interest rates and exorbitant electricity prices are hindering competitiveness. India’s heavy export tariffs present a golden opportunity for Pakistan to increase its exports, but high interest rates and expensive energy create obstacles.
He criticized the detrimental practices of Sui Northern Gas Pipelines Limited (SNGPL) and reaffirmed the business sector’s commitment to fulfilling its tax obligations while urging the Federal Board of Revenue (FBR) to refrain from intimidating tactics. He also commended SM Tanveer’s ongoing efforts to address business challenges and promote dialogue with government officials.
