05-07-2008, 02:21 AM
[center]<b><span style='font-size:14pt;line-height:100%'>Foreign investors remit US Dollars 580m profit, dividends</span></b>[/center]
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->ISLAMABAD : Foreign investors remitted $580 million profit and dividends during the first nine months of the current fiscal with the biggest outflow of $126.5 million from the power sector followed by communications ($88.2 million) and oil and gas exploration sector with $60.5 million.
During July-March 2007-08, total outflows of $580.1 million were about 5.1 per cent more than what it was recorded in the corresponding period of the last fiscal ($551.8 million), the State Bank of Pakistan (SBP) said on Monday.
<b>Independent economists believe that for a country like Pakistan, huge drain of foreign exchange looks very disturbing as it has already been facing a potential threat of burgeoning current account deficit (CAD) continuously for the last couple of years.</b> <!--emo&:flush--><img src='style_emoticons/<#EMO_DIR#>/Flush.gif' border='0' style='vertical-align:middle' alt='Flush.gif' /><!--endemo--><!--QuoteEnd--><!--QuoteEEnd-->
Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->