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Foreign investors repatriate $974m in 8 months

Foreign investors repatriated some $974 million on account of profit and dividend during the first eight months of the current fiscal year (FY20).
Published 31 Mar, 2020 12:00am
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Foreign investors repatriated some $974 million on account of profit and dividend during the first eight months of the current fiscal year (FY20).
The State Bank of Pakistan (SBP) reported Monday that repatriation of profit and dividend by foreign investors witnessed some downward trend. It decreased by 2 percent during July-Feb of FY20 compared to the same period of pervious year (FY19).
Foreign companies operating in Pakistan repatriated an amount of $973.9 million as profit and dividend during July-Feb of FY20 against $994 million in the corresponding period of FY19, depicting a decline of $20 million.
The detailed analysis revealed that most of the amount was repatriated as profit on Foreign Direct Investment (FDI). An amount of $869 million was repatriated as return on FDI during the first eight months of this fiscal year versus $846.3 billion in same period of last fiscal year.
During the period under review, repatriation on account of Foreign Portfolio Investment (FPI) was declined by 29 percent or $43.3 million. An amount of $105 million was transferred as return on portfolio investment in July-Feb of FY20 down from $148 million in corresponding period of FY19.
Highest outflow of profit and dividend amounted to $191 million was sent from Oil and Gas exploration sector followed by $140 million from transport sector. Financial Business was the third largest sector, where from foreign investors transferred some $125 million on account of profit and dividend.
During February 2020, overall some $27 million profit and dividend was repatriated. This includes $26.9 million from FDI and a slight $0.5 million from FPI.

Copyright Business Recorder, 2020

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