Profit repatriation on FDI falls by 33% in the seven months of FY19

February 27, 2019 (MLN): Repatriation of profits earned on foreign direct investments brought into the country, has fallen by over 33% year on year during the July-January FY19 period, as the investors sent home $776 million, as compared to $1.2 billion sent during the corresponding period of last year.

Meanwhile, repatriation on total foreign investments during the period stands at $917.9 million.

During the month of January alone, $147.2 million were repatriated on FDI in specific, while $158.4 million were repatriated on the whole foreign investment during the month.

Provisional figures released by the State Bank of Pakistan (SBP) reveal that repatriation from the Oil & Gas Exploration sector has been recorded as the largest source of repatriation on FDI during these last seven months i.e. July – January, a sum of $118 million.  

Following next in line is Food sector, which repatriated $82.7 million of FDI during the period.

For the month of January in particular, $47.6 million repatriation from profit on FDI was recorded for Oil & Gas Exploration sector, which is the largest amount for the month. The sector that follows next in line is Chemical with a repatriation of $ 42.9 million.

During the prior month (December 2018), the largest source of repatriation on FDI was the Financial Business sector with a repatriation of $17.5 million.

Copyright Mettis Link News

Posted on: 2019-02-27T17:55:00+05:00