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GCHF
Gatwala Commercial Hub , Faisalabad is Punjab’s biggest and Pakistan’s second largest mixed use, real estate project. It has a covered area of over 3.1 million sq. ft.

This mega project, designed and developed by Shah Nawaz Associates, is located, at the junction of Canal Expressway and Lahore Sheikhupura Road. The road in front of the GCH project, has an average traffic count of 30 vehicles per minute. become, the city’s next mega center for trade, commerce, industries as well as residential projects.

 

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SBP revises Foreign Exchange Regulations to boost FinTech, start-ups and exports

KARACHI: The State Bank of Pakistan (SBP) has released the notification of modernizing the Foreign Exchange Manual (Chapter-20) to strengthen the exports, and facilitate FinTech and Start-ups.

In this regard, the new policy will channelize Foreign Direct Investment (FDI) in the country by establishing holding companies abroad supported by Pakistani FinTech and Start-ups.

Similarly, the modified policy will also strengthen the exports sector of Pakistan by allowing the exporters to explore the new markets. The export-oriented companies have been allowed by SBP to open their subsidiaries or branches outside Pakistan.

Furthermore, the policy has also allowed the resident Pakistanis to acquire sweat equity.

The changes in the Foreign Exchange Regulations will also attract mutual funds, Exchange Traded Funds (ETF), and Real Estate Investment Trusts (REITs) through Pak rupee-based Roshan Digital Account (RDA) and Special Convertible Rupee Account (SCRA).

 

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