US
Foreign firms transfer $759.2m abroad in first eight months amid improved reserves, stability
SBP data shows MNCs’ profit repatriation hits 17-month high at $163.7m in Sept 2023
Investors have pulled out of saving schemes to deposit funds in banks
A 4.13% increased rate of return to make saving schemes lucrative and mobilise investment from the general public
Posts increase of 780 units compared to 663 units in previous year
They send to headquarters abroad just $225m as dollars become scarce
After-tax profit rises 82% to Rs810 million in Q3FY23 from Rs445 million last year
Net sales declined to Rs37.2 billion during the first quarter of FY23
Increase comes on back of rise in other income, dip in other operating expenses
Substantial increase in earnings from subsidiaries prop up company’s profit