SBP introduces mechanism to banks for remitting disinvestment proceeds to facilitate FDI
KARACHI (Web Desk) – State Bank of Pakistan (SBP) has introduced a transparent mechanism, with complete delegation to banks, for remitting disinvestment proceeds to facilitate foreign direct investment.
The new mechanism enables companies in Pakistan to conveniently remit out disinvestment proceeds to non-resident shareholders.
It will also facilitate the local companies, in particular the start-ups, to attract foreign investment.
New mechanism also incorporates feedback received from investors/other stakeholders.