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A Brief on Facilitation to Start-ups, FinTechs and Exports

Brief on Facilitation to Start-ups, FinTechs and Export

SBP has issued FE Circular No. 01 of 2021 dated 10 February 2021[“Circular”] which revises the policy for equity investment abroad by amending para 13 of chapter 20 of the Foreign Exchange Manual ["FEM'].

Khalid Mahmood


KPMG in Pakistan


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A Brief on Facilitation to Start-ups, FinTechs and Exports

The purpose of this Circular is to provide facilitation to Start-ups, Fintechs and Exports. The new policy would allow Pakistani Fintechs and Start-ups to establish holding companies abroad. This new policy further facilitates exporters to establish subsidiaries or branch offices outside Pakistan – These measures, it transpires, have been taken in order to attract foreign direct investment.

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The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. The KPMG name and logo are registered trademarks or trademarks of KPMG International.

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