Due to the ongoing economic crisis in the country, the profits of foreign companies have decreased by 80%, which has been confirmed by the State Bank of Pakistan itself.
According to the statement issued by the State Bank of Pakistan, due to the economic crisis, there was a significant decrease in the transfer of profits of foreign companies, the transfer of profits from Pakistan on foreign investments abroad decreased by 80%.
According to the statement, investors transferred a profit of 22.51 million dollars from July to February of this financial year, while in the same period of the previous financial year, a profit of 1.14 billion 64 million dollars was transferred. 18.81 million dollar profit was transferred from foreign direct investment, 3.69 million dollar profit was transferred from foreign portfolio investment.
In the statement issued by the State Bank, it is said that the profit of one billion 378 million dollars was transferred from foreign direct investment in the last financial year from July to February, while the profit of 10 million 86 million dollars was transferred from portfolio investment in the last financial year from July to February. Profits were transferred.