During the first half of FY20 profit outflow increased by 10% to $836m

During the first of FY 20, the outflow was worth $836 million as compared to $759.5 million in the corresponding period last year.

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  • Overall, Foreign Direct Investment during the first half of the current fiscal year increased by 68% to $1.34 billion.
  • The current account deficit has also reduced by more than 50% reflecting the economy is in a better position.

outflow

During the first half of the current fiscal year, the outflow of profits and dividends from Pakistan increased by 10% despite lower outflows from the foreign portfolio investment.

During the first of FY 20, the outflow was worth $836 million as compared to $759.5 million in the corresponding period last year.

However, portfolio investment outflows decreased to $93 million as compared to $130 million in the corresponding period last year.

The government has introduced reforms and policies to collect maximum foreign currency to increase foreign exchange reserves.

Sectors with the Highest FDI Outflows

Sector FDI in FY 20 FDI in FY 19
Manufacturing sector $216 million $245.5 million
Financial and Insurance sector $124 million $60.5 million
Transportation and Storage sectors $156 million
Mining and Quarrying  sectors $111.8 million

 

Overall, Foreign Direct Investment during the first half of the current fiscal year increased by 68% to $1.34 billion.

Sectors with the Highest FDI Inflows

Sector FDI in FY 20
Communications sector $432 million
Power sector $358 million

 

During the first half of the current fiscal year, the foreign reserves of Pakistan increased relatively as compared to the same time last year. Moreover, the current account deficit has also reduced by more than 50% reflecting the economy is in a better position.

State Bank of Pakistan

In a report on Thursday, the State Bank of Pakistan said that during the week ending on January 17, the reserves of the bank increased by $146 million to $11.731 billion.

The liquid foreign exchange reserves of the country increased to $18.271 billion, while the assets of the commercial banks were $6.539 billion.

Moreover, since the beginning of the current fiscal year, the reserves of the country have been growing.


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