The Pakistan Carpet Manufacturers and Exporters Association (PCMEA) in a statement today urged the federal government to implement safeguard measures and provide special concessions to investors seeking to repatriate their capital from Gulf countries amid the current uncertain economic environment. The industry body has simultaneously presented a comprehensive eight-point set of recommendations for inclusion in the federal budget 2026-27.
In proposals conveyed by Patron-in-Chief Abdul Latif Malik to National Assembly Speaker Sardar Ayaz Sadiq, the association underscored the necessity for immediate and decisive governmental action to revitalise export operations to their fullest capacity. Such steps, it highlighted, are crucial for augmenting the nation”s foreign exchange reserves.
The organisation specifically appealed for at least two years of exceptional relief and safeguards for Pakistani investors currently residing in Gulf states, enabling them to transfer their assets back to Pakistan. This measure, it affirmed, would significantly bolster the country’s foreign exchange holdings and positively influence the broader economy.