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KARACHI: Outflow of profits and dividends from the country rose to $2 billion in FY18 compared to $1.7bn witnessed in FY17, the State Bank of Pakistan (SBP) on Thursday.
The country has been facing a difficult situation since inflow of foreign investment in the country is not significantly higher than the outflow of profits and dividends. The country received just $2.767bn in foreign direct investments in FY18 while the outflow stood at $2bn, indicating a serious shortage of inflow.
Details further show that the country had to pay about $2.32bn, including outflow through portfolio investments.
Published in Dawn, July 27th, 2018
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Jul 27, 2018 08:31pm
Now that IK has become PM all will change. He is a "game changer", the 'new' game changer. Now instead of the old CPEC mantra, Pakistan has a new mantra. IK. After IK all will be well and Pakistan is on the way to become the richest and the most powerful nation on Earth.
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