ISLAMABAD: The State Bank of Pakistan (SBP) has reported a significant increase of 115% in profit repatriation by foreign companies in the first 10 months of the current fiscal year.
Foreign companies repatriated $1.8 billion in profit, indicating successful investment and restored confidence in the economy, the central bank said in a statement.
The Special Investment Facilitation Council’s (SIFC) efforts at the policy level have been fruitful in restoring confidence in the economy.
Foreign-invested companies have the authority to repatriate up to 100% of their profits, ensuring a favorable investment climate.
The acceleration in profit repatriation is attributed to the IMF program and comprehensive economic policy, which have contributed to economic recovery.
The increase in profit repatriation is seen as a sign of economic recovery and restored investor confidence. Economists attribute this growth to the government’s economic policies and the support of SIFC.
