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Investment
in Pakistan
Pakistan
economy has shown an upward trend in the last four years and it
has resulted in the increasing confidence of foreign investors
in Pakistan. The country attracted about US $3.5-billion as foreign
direct investment last year, up sharply from less than $600-million
three years back. That tremendous increase was achieved by the
successful sale of state-owned companies to private investors
as well as creating an environment conducive to foreign investment
in Pakistan
Pakistan is committed to facilitate businessmen, both local as
well as foreign investors, to encourage investment. It has introduced
a number of reforms in the investment sector, removing all hurdles
and providing maximum facilities to the investors main features
of which are summarized below:
No
government approval is required for setting up an industry, in
any field, place and of size.No limit for minimum or maximum investment
in manufacturing sector.Remittance of capital, profits, dividends,
and royalty allowed.No restriction of foreign equity in a company.
Now foreign Investors can have 100 % equity in a company.
Visa and immigration policies have been relaxed for foreign investors
and multiple entry visa of duration up to five years are being
issued by Pakistan embassies abroad.Foreign investment in Pakistan
is fully protected and legislation has been done in this connection
to provide them fearless business environment. Complete legislative
protection of foreign currency accounts.Corporate Governance has
been improved and Securities and Exchange Commission of Pakistan
is working efficiently to regulate the corporate sector. Attractive
Tax tariffs and initial depreciation allowed on machinery and
equipment up to 50 % of cost.
Corporate tax rates of 37%, 35% and 20% for Private limited, Listed
Public Limited and Small companies respectively.Board of Investment
of Pakistan is fully facilitates Foreign Investors.
We are providing consultancy services ranging from approval of
Board of Investment for the establishment of branch office to
Incorporation of companies, tax advice and obtaining all sort
of licenses for the company.
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