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.
ISLAMABAD: The federal government has introduced new income tax slabs for government employees and salaried…
ISLAMABAD: The Ministry of Religious Affairs has issued new instructions for Pakistani pilgrims going to…
ISLAMABAD: The prices of various smartphones in the country are likely to drop by Rs…
MUZAFFARABAD: The Azad Kashmir High Court has ordered the restoration of the Pakistan Tehreek-e-Insaf (PTI) election…
KARACHI: The Iranian Rial continues to face significant challenges internationally due to sanctions and economic conditions. It…
KARACHI: The price of gold in Pakistan has decreased by more than Rs 10,000, according…