Profit outflows from Pakistan drop by 80.4%

The SBP said that the foreign companies remitted $225.1 million in profits and dividends during the period from July 2022 to February 2023 compared to an outflow of $1,146.4 million in the same period of the last fiscal year, reports Xinhua news agency.

The latest data showed that the profit payments on the Foreign Direct Investments (FDI) were $188.1 million from July 2022 to February 2023 compared to $1,037.8 million during the said period in the last fiscal year.

The profit outflows on the Foreign Portfolio Investment (FPI) dropped to $36.9 million in the eight months as compared to $108.6 million during the same period in the last fiscal year, said the SBP data.

While the profit outflows in February were just $4.9 million against $132.9 million in the same month last year.

--IANS
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