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A stable foreign exchange rate helps stimulate long-term fixed investment while a prolonged, abnormally fluctuating value of the national currency tends to distort the financial viability of projects with longer gestation periods. And a stable currency, with minimal fluctuations, is necessary for the success of any long-term economic growth strategy as amply proved by China. For Pakistan, keen to launch the second phase of industrialisation under the China-Pakistan Economic Corridor umbrella, rupee stability assumes added importance. While claiming the economy is moving in the right direction, the policymakers also have expressed satisfaction that the rupee is stable. Unlike in the past, foreign companies are reported to be largely remitting their profits to parent companies instead of ploughing back a significant part of their earnings into investment. In the 11 months of 2020-21, the outflow of profits and dividends on foreign investment increased by 23 per cent to $1.5 billion,

United statesShaukat tarinPakistan economicPakistan stock exchangeInternational monetary fundInstitute of business administrationSenate standing committee on commerceFor pakistanChina pakistan economic corridorInitial public offeringsPakistan economic surveyMinister shaukat tarinSenate standing committeeBusiness administrationஒன்றுபட்டது மாநிலங்களில்ஷௌுகத் தாரின்