Tue, 21-Oct-2025

Outflow of profit and dividends from Pakistan surges 20.5% in FY21

IMF rupee

KARACHI: Foreign companies have repatriated $1.62 billion as profit and dividends during the fiscal year 2020/21, according to the data released by the central bank on Wednesday. The repatriation of profit and dividends during FY21 is 20.5 per cent higher, compared with $1.34 billion in the preceding fiscal year, the State Bank of Pakistan data … Read more

State Bank announces implementation of IFRS-9 from January 2022

State Bank

KARACHI: The central bank on Tuesday announced the implementation of the International Financial Reporting Standard 9 (IFRS-9) from January 1, 2022, which was delayed due to the coronavirus pandemic. Through a circular issued on October 23, 2019, the State Bank of Pakistan (SBP) had announced plans to implement IFRS-9 from January 2020. However, keeping in … Read more