January 28, 2019 (MLN): Repatriation of profits earned on foreign direct investments brought into the country, has fallen by over 40% year on year during the July-December 2019 period, as the investors sent home $628.8 million, as compared to $1.055 billion sent during the corresponding period of last year.
Meanwhile, repatriation on total foreign investments during the period stands at $759.5 million.
During the month of December alone, $66.2 million were repatriated on FDI in specific, while $90.5 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 Food sector has been recorded as the largest source of repatriation on FDI during these last six months i.e. July – December, a sum of $82.1 million.
Following next in line is oil & Gas Exploration sector, which repatriated $70.4 million of FDI during the period.
For the month of December in particular, $17.5 million repatriation from profit on FDI was recorded for Financial Business, which is the largest amount for the month. The sector that follows next in line is Tobacco and Cigarettes with a repatriation of $ 14.2 million.
During the prior month (November 2018), the largest source of repatriation on FDI was the Petroleum Refining sector with a repatriation of $ 38.7 million.
