Tue, 21-Oct-2025

Growing number of foreign firms head for door

TotalEnergies

PARIS: The announcements by TotalEnergies and Chevron have swelled the ranks of foreign firms that have quit Myanmar after the February military coup. As the civilian death toll from the military crackdown has surpassed 1,500 people, activists have ratcheted up pressure on foreign firms. Investors piled into the country after the military relaxed its iron … Read more

Foreign firms repatriate $1.5 billion as profit, dividend in 11 months

Foreign firms repatriate $1.5 billion as profit, dividend in 11 months

KARACHI: The foreign companies have repatriated profits and dividends worth $1.5 billion during 11 months (July-May) 2020/21, which is 19 per cent higher, compared with $1.21 billion in the same period of the last fiscal year, the State Bank of Pakistan (SBP) reported on Monday. The multinational and foreign entities operating in Pakistan repatriated $1.38 … Read more