Naqvi tells tycoons: Stop funding politicians
Federal Minister Mohsin Naqvi has called for sweeping structural reforms, warning that Pakistan cannot overcome its long-standing economic and governance challenges without fundamental changes to the country’s political and administrative systems.
Speaking at the First Pakistan Investment Summit in Islamabad, Naqvi said the existing governance structure has become outdated and is no longer capable of meeting the country’s growing economic needs. He cautioned that without meaningful reforms, Pakistan could still be facing the same problems a decade from now.
Addressing business leaders and investors, the minister said responsibility for the current state of affairs does not rest solely with politicians. He argued that the business community also plays a significant role in sustaining the existing system by financing political campaigns.
Naqvi urged business leaders to stop funding political parties during elections and instead push for greater transparency, accountability and institutional reforms. He said reducing financial dependence on wealthy donors could help strengthen democratic institutions and improve governance.
The minister also stressed the need to reduce Pakistan’s reliance on foreign loans. He said the country must focus on generating domestic resources, expanding investment and building a stronger economic foundation through long-term planning.
Calling for national unity, Naqvi urged political parties to set aside differences and work together on a comprehensive reform agenda. He said lasting economic stability can only be achieved through collective decision-making and institutional improvements.
Other speakers at the summit also highlighted the need for major administrative reforms. They argued that changes in governance structures, including decentralisation and stronger regional administration, could improve service delivery and reduce governance challenges.
Business leader S.M. Tanvir said structural weaknesses continue to slow economic progress and called for fresh leadership and institutional reforms to strengthen the country’s administrative framework.
Participants also expressed concern over Pakistan’s social and economic indicators. They noted that a large segment of the population continues to live below the poverty line, while unemployment remains a major challenge, particularly among young people.
Several speakers said temporary welfare measures alone cannot address the country’s long-term economic issues. They called for policies that create sustainable employment opportunities, promote merit-based recruitment and equip young people with the skills needed to participate in the economy
