The outflow of profits and dividends on foreign investment in Pakistan has declined by 16.5 percent to $566 million in the first four months of the current fiscal year.
The financial experts of Pakistan are of the opinion that the macroeconomic indicators of the country show the optimistic picture but according to the report, issued by the State Bank of Pakistan show a different picture. Although, some of the sectors of the economy played well yet the outflow of some sectors went down.
As a whole, the outflow of profits and dividends on foreign investment in the country declined by 16.5 percent during the period from July to October, this year. The report says that the outflow came down to $566.6 million during this period as compared to $678.6 million as compared to these four months, last year.
The performance of the banking sector has been outstanding as about all the banks earned profits. The profit outflow of the banks during the first four months of the current fiscal year was $125 million as compared to $91 million during this period, last year.
Read more: Foreign direct investment falls 12% to $662 million during first four months
The profit outflow of the power sector increased to $72.8 million during the period from July to October, this year which was just $9.3 million during the same period, last year.
The outflow of profit of the thermal power sector earned $69.2 million as compared to a mere $8.5 million during the first four months of the previous fiscal year. The profit outflow of the food sector came down tremendously.
During the period under consideration, the outflow profits of this sector decreased to $84.2 million which was $161 million during this period, last year.
The outflow of profit from the communication sector was $118.7 million during the first four months of the previous financial year which fell to $89.3 million from July to October, this year.
The outflow of profit from transport was $69 million last year which came down to $42 million during the first four months of this year.
The profit outflow from Tobacco and cigarettes decreased to $22 million which was $50 million during the period from July to October, last year.
The outflow of profit from the chemical sector also came down to $30.5 million from July to October, this year as compared to $56.7 million during the same period last year.
