Overseas investors repatriate $887m profit in 10MFY24

MG News | May 27, 2024 at 03:51 PM GMT+05:00
May 27, 2024 (MLN): Foreign investors ' repatriation of profit and dividends rose 250.13% YoY in 10MFY24 to $887.1 million compared to $253.36m worth of repatriation in the same period last year, the latest data issued by the central bank revealed.
The data further revealed that during the period, foreign companies repatriated $811.64m worth of profit against the foreign direct investments (FDI) in various businesses compared to $207.93m in SPLY, marking an increase of 290.35% YoY in 10MFY24.
The outflow as payment against portfolio investment stood at $75.44m, compared with $38.61m in 10MFY23, witnessing a growth of 66.05% YoY in 10MFY24.
Meanwhile, in April 2024 alone, repatriation of profits and dividends by foreign firms stood at $56.56m.
Sector-wise:
Sectorial representation of the data shows that the major sectors that witnessed the highest repatriation include the Financial Business, Petroleum Refining, Power , Food and Transport sectors.
Among these, the Financial Business sector repatriated the highest profits of $149.58m in 10MFY24 to overseas.
The data further revealed that Profit outflows from the Petroleum Refining sector clocked in at $132.66m.
Profits outflow from the Power sector increased significantly to $120.95m in 10MFY24.
Moreover, the payments made on total foreign investment under the Food and Transport sector stood at $109.19m and $68.38m respectively during the review period.
Country-wise:
A country-wise break up of data on repatriation of profit released by SBP revealed that firms and individual investors in the U.A.E dispatched the single largest profit of $186.15m during 10MFY24, compared to $12.35m repatriated in the same period prior fiscal year.
The United Kingdom witnessed the repatriation of the second-highest profits as the country repatriated $155.99m abroad during 10MFY24, compared with $15.88m in 10MFY23.
Third in line was China which repatriated $101.32m from Pakistan, up as compared to the number during SPLY, when the country remitted $50.14m as profit income from Pakistan.
Next was United States with profit repatriation of $53.77m during the review period.
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 157,953.47 555.47M | 1.14% 1775.65 |
ALLSHR | 96,741.22 1,957.60M | 1.16% 1110.83 |
KSE30 | 48,198.94 249.79M | 1.09% 520.47 |
KMI30 | 232,694.17 290.89M | 1.31% 3011.94 |
KMIALLSHR | 65,027.13 1,019.78M | 1.03% 660.37 |
BKTi | 42,489.56 84.10M | 1.35% 566.75 |
OGTi | 31,779.36 15.21M | 0.14% 43.57 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 117,030.00 | 117,680.00 116,980.00 | -740.00 -0.63% |
BRENT CRUDE | 67.52 | 68.42 67.19 | -0.43 -0.63% |
RICHARDS BAY COAL MONTHLY | 84.00 | 0.00 0.00 | -0.40 -0.47% |
ROTTERDAM COAL MONTHLY | 94.00 | 94.50 94.00 | 0.45 0.48% |
USD RBD PALM OLEIN | 1,106.50 | 1,106.50 1,106.50 | 0.00 0.00% |
CRUDE OIL - WTI | 63.24 | 63.31 63.21 | -0.02 -0.03% |
SUGAR #11 WORLD | 16.13 | 16.27 15.89 | -0.14 -0.86% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|