What may happen is that funds can only be converted to CFs after the declaration and remittance of the
required dividends.
And in March, commerce secretary Younas Dagha will hold meeting with vice commerce minister of China to give final shape to the agreement." First FTA with China was, he said, concluded in 2012, but it didn't yield the
required dividends as the items on which Beijing had provided tariff concessions but later on provided more concession on the said items to Asean countries owing to which Pakistan' products in Chinese market remained no more competitive and Pakistan's exports to China continued to stay at $1.2bn whereas import from China soars to over $15bn.
When this policy didn't yield the
required dividends under two previous US Presidents, the frustration of the third, Donald Trump, culminated in a complete ban on all US economic and military aid to Pakistan, expressed via a series of tweets last year blasting Pakistan for playing a "double game" - taking US money to help it fight the Taliban but in fact propping them up in one manner or another.
And the more to come and be implemented in FBR, which will help yield
required dividends.
Freddie Mac said it would pay $7 billion in
required dividends to the Treasury next month and could make a larger payment based on its own recalculation of tax writedowns.
This was the result of the government's decision to adjust the
required dividends from 50 percent to only 10 percent of the net earnings of government-owned and -controlled corporations (GOCCs) generating very low profits.
