Financial Businesses repatriate highest profits in April'20

News Image

MG News | June 03, 2020 at 04:00 PM GMT+05:00

0:00

June 3, 2020 (MLN): Foreign companies operating in Pakistan repatriated $190.4 million in profit and dividends on investments in the country during the month of April’20 which was 6.2x higher  than the profits repatriated in the previous month and 1% higher than that of repatriated in April’19.

The latest data released by SBP today shows that all major sectors of Pakistan repatriated higher profits compared with previous month. The major sectors that have contributed to the growth in the repatriation of profits include Financial Business, Communication, Oil & Gas Exploration and Transport sector, among which Financial Businesses repatriated highest profits of $62.4 million during the month mentioned above, against $5.3 million in the previous month and $65.1 million in corresponding month of last fiscal year.

The data further revealed that profits outflow from the communication sector increased to $38.5 million; against an outflow of $0.5million in the previous month and $30 million in April 2019.

The Oil & Gas Exploration sector companies repatriated $27.7 million, while they had sent $2.2 million in March’20 and $47.9 million to their respective countries in the same month of FY19.

The transport sector repatriated $26.1 million during the month under review, compared to $9.3 million last year. While in the previous month, the sector did not dispatch any profit.

Meanwhile, other sectors such as Chemicals, Food, Pharmaceuticals & OTC products, Power and Fertilizer also managed to dispatch reasonable profits compared to previous month.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 13, 2025 at 10:26 AM GMT+05:00

K-Electric dispels rumours of peak hour changes


July 11, 2025 at 10:56 PM GMT+05:00

Gold price in Pakistan rises Rs2,300 per tola


July 11, 2025 at 05:49 PM GMT+05:00

PKR gains 10 paisa per USD


July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse


July 11, 2025 at 05:06 PM GMT+05:00

UBL doubles profit to Rs65bn in 1HCY25



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg