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Repatriation of profit surges 114pc

18 30
22.01.2025

KARACHI: The outflow of profit and dividends on foreign investments surged 114 per cent during the first half of the current fiscal year.

The profit repatriation was primarily restricted in FY24 to contain the country’s fast-depleting foreign exchange reserves. Foreign investors widely criticised the government policy, and the International Monetary Fund (IMF), among other harsh conditions, asked Pakistan to ease the curbs on imports and outward remittances by multinational companies if it wanted to secure a new 37-month $7bn Extended Fund Facility.

Pakistan secured the first tranche of........

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