KARACHI: The outflow of profits on foreign investments in Pakistan doubled by the end of the third quarter of the current fiscal year, reflecting a more relaxed stance by the State Bank of Pakistan (SBP).

The latest data released by the SBP on Friday shows that profits and dividend outflows from the country in the first nine months of the current fiscal year reached $1,720 million, compared to $826m in the same period of the last fiscal year.

Profit outflows have long remained a point of contention for foreign investors. Reportedly, the IMF intervened on this issue, advocating for........

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