In a significant economic development, foreign companies operating in Pakistan have experienced an extraordinary surge in profit repatriation, marking a staggering 44-fold increase in January 2024. This surge prompts a critical examination of the economic implications and the intricate dynamics between foreign enterprises and the host nation.
Key Insights:
Unprecedented Capital...
China has formally agreed to roll over a $2 billion loan to Pakistan, showcasing the continued financial cooperation between the two nations.
China's decision to extend this financial assistance underscores the depth of the bilateral relationship and the mutual commitment to economic collaboration. The rollover of the $2 billion loan...
In a noteworthy development, the World Bank is contemplating the provision of an additional $72 million in financing for the Sindh Barrages Project. This potential injection of funds underscores the significance of the project and aims to support its continued progress and success.
The Sindh Barrages Project, with its strategic...
Mobilink Bank witnesses multiple financial milestones in 2023, solidifying its position in the banking industry. With a revenue of PKR 41,053 million, representing 72% growth from the previous year, the Bank's performance underscores its commitment to excellence and innovation, particularly in its support for women and Small and medium-sized...
Pakistan is on the brink of securing the final tranche of $1.1 billion from the International Monetary Fund (IMF), marking a significant step forward in the ongoing financial assistance program. The imminent disbursement of this tranche reflects the country's adherence to the terms and conditions set by the IMF,...
In a noteworthy development, Pakistan has experienced a substantial surge in foreign investment outflow, marking a five-year high. This trend raises significant concerns and points to a shift in the country's investment landscape.
The recent data indicates a substantial increase in the outflow of foreign investments from Pakistan, depicting a...
The International Monetary Fund (IMF) has urged Pakistan to enhance transparency regarding its development spending. The call for increased openness comes as part of the ongoing dialogue between Pakistan and the IMF, emphasizing the importance of clear and comprehensive reporting on how development funds are utilized.
Key Points:
IMF's Emphasis on...
In a significant legal development, the Sindh High Court (SHC) has dismissed a petition filed by a prominent tractor manufacturer regarding tax refund claims. The court's decisive ruling implies that the claims made by the tractor maker will not receive further consideration.
The dismissed petition by SHC sought relief for...
The Board of Directors of Meezan Bank has approved the Bank's financial statements and its consolidated financial statements for the year ended December 31, 2023. The meeting was chaired by Mr. Riyadh S.A.A. Edrees - Chairman of the Board, and Mr. Faisal A. A. A. Al - Nassar –...
The Securities and Exchange Commission of Pakistan (SECP) has introduced a set of fit and proper criteria for key executives of corporate restructuring companies. This significant move is aimed at enhancing the regulatory framework governing such entities, ensuring that individuals in key roles meet specific standards of competence, integrity,...
