Published On: Wed, Aug 16th, 2017

Flourishing economy: Investors took $2.10 bn abroad in terms of profit

LAHORE – Economic stats continue to flourish with improvement in law and order situation as foreign investors have taken whooping $2.10 billion abroad from Pakistan in terms of profit in the fiscal year (FY) 2016-17.

Similar stats stood at $1.91 billion for the FY 2015-16.

According to details available, Pakistan received $2.41 billion of direct foreign and public investment in the previous fiscal year.

Investors benefitted most from the financial sector as $390.10 million profit was withdrawn from it whereas food sector remained second with $270.10 million profit. Likewise, telecommunication sector earned profit of USD180 million dollar out of which $170.70 were sent abroad. $160.60 million profit were taken aboard in terms of profit from power sector whereas $140 million profit were sent abroad from chemical sector. Oil & Gas sector transferred $130.90 million abroad in terms of profit.

The figures for food packaging, beverages, tobacco, and fertilizer sectors stood at $30.40 million, $70.94 million, $50.30 million and $0.91 million respectively.

Electronics and transport sectors earned profits of $1.56 million and $110.60 million respectively. Similarly, investors earned $1.73 billion profit from foreign direct investment whereas another $370.60 million were earned from indirect foreign investment.

5.00 avg. rating (99% score) - 1 vote

About the Author

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>