Foreign companies have repatriated profits totaling $752 million from Pakistan during the first quarter of the current financial year, marking a significant eighty-six percent increase, according to data released by the State Bank of Pakistan, a report said today.
This substantial rise in profit remittances follows a key governmental decision to ease three-year-long restrictions that previously limited the ability of international corporations to send their earnings abroad.
The policy shift is seen as part of a broader strategy to bolster investor sentiment, with official sources attributing the growing confidence among foreign businesses to the support provided by the Special Investment Facilitation Council (SIFC).