“Karachi Can Pay Off Pakistan’s Entire Debt”: NAB Chairman Urges Business Leaders to Lead Economic Revival.
National Accountability Bureau (NAB) Chairman Lt. Gen (retd) Nazir Ahmed has called on
NAB Chairman Lt. Gen (retd) Nazir Ahmed urges Karachi’s business community to lead Pakistan’s economic revival.
National Accountability Bureau (NAB) Chairman Lt. Gen (retd) Nazir Ahmed has called on Pakistan’s business community to fully tap Karachi’s vast economic potential to help ease the country’s growing debt burden. Addressing business leaders in Karachi on Wednesday, January 28, 2026, he stressed that stronger collaboration between the private sector and state institutions is the key to building a resilient and competitive economy.
Key Highlights of the Address:
- Debt Reduction Potential: The Chairman stated that with focused attention and the right measures, Karachi alone possesses the capacity to pay off all of Pakistan’s national debts.
- New World Order: Highlighting global shifts, he urged Pakistan to align itself with the “new world order” and prepare for emerging international economic trends rather than relying solely on preferential trade statuses.
- Significant Recoveries: He revealed that NAB has recovered approximately Rs 11.4 trillion over the past two years, including significant land and asset recoveries in Sindh.
- Business Facilitation: Reaffirming NAB’s support, he assured entrepreneurs that the “culture of fear” has been eliminated and that 13 out of 14 business-related cases were resolved within six months to restore investor confidence.
- Karachi’s “New Face”: He promised that development initiatives are underway to give Karachi a “new face” through consultation with traders and industrialists.
Concluding his address, the Chairman urged factory owners not to cease operations or lay off employees, emphasizing that sustained industry movement is vital for national financial stability.
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