Profit outflow crosses $1bn.

KARACHI -- Repatriation of profit and dividends rose 8.35 per cent to $1.025 billion during the first seven months of the current fiscal year compared to $946m in the same period last year, the State Bank of Pakistan (SBP) reported on Friday.

The outflow included repatriation of profits on foreign direct investment (FDI) and foreign portfolio investment (FPI).

On FPI a profit of $64m was sent abroad compared to $104m in the same period of last year.

The food sector noted the highest outflow of profits at $219.5m during the July-January...