Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has declared that the inflows of the remittances from expatriates are expected to hit an all-time high of $35 billion in the currency fiscal year, reported 24NewsHD TV channel.
Finance minister says no restriction on companies for sending profits, dividends abroad: Asks Opposition to avoid protests which are causing losses
He shared that foreign companies operating in Pakistan have sent profit and dividends worth $2.2 billion in May-June 2024, clearing the entire backlog of the repatriation to date. “Now there is no restriction on sending the repatriation from the Ministry of Finance and State Bank of Pakistan . This is now up to commercial banks to facilitate the foreign companies in continuing to send profit and dividends without any delay,” he maintained.
Earlier, Aurangzeb said that all issues being faced by business community will be resolved on priority basis. Addressing a function organized by Overseas Investors Chambers of Commerce and Industry he said that the government adopted comprehensive policies to promote investment and trade in the region.
Aurangzeb said political stability is inevitable for achieving economic stability and they will curb tax evasion through digitalization.A delegation of Overseas Investors Chamber of Commerce & Industry held a detailed meeting with Aurangzeb, during which overseas investors sought explanation from the finance minister about refinery policy and asked important questions.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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