KARACHI: The State Bank of Pakistan (SBP) has released the notification of modernizing the Foreign Exchange Manual (Chapter-20) to strengthen the exports, and facilitate FinTech and Start-ups.
In this regard, the new policy will channelize Foreign Direct Investment (FDI) in the country by establishing holding companies abroad supported by Pakistani FinTech and Start-ups.
Similarly, the modified policy will also strengthen the exports sector of Pakistan by allowing the exporters to explore the new markets. The export-oriented companies have been allowed by SBP to open their subsidiaries or branches outside Pakistan.
Furthermore, the policy has also allowed the resident Pakistanis to acquire sweat equity.
The changes in the Foreign Exchange Regulations will also attract mutual funds, Exchange Traded Funds (ETF), and Real Estate Investment Trusts (REITs) through Pak rupee-based Roshan Digital Account (RDA) and Special Convertible Rupee Account (SCRA).
For news and blogs, visit Graana.com.
SALALAH: Oman’s Ministry of Housing and Urban Planning has announced plans for Future Salalah City,…
Gwadar: The federal government has approved the construction of Gwadar Eastbay Expressway Phase II, linking…
The federal government has announced the abolition of Right of Way (RoW) charges on federal…
Federal Minister for Railways Hanif Abbasi announced that several major projects — including the digitalization,…
Islamabad, Aug 7: A delegation of Islamabad's parliamentarians met with CDA Chairman and Chief Commissioner…
Islamabad – The National Highway Authority (NHA) has announced an ambitious upgrade of the Karachi…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
