Profit repatriation surges 85% to $393m

October 28, 2024 (MLN): Foreign investors' repatriation of profit and dividends jumped 84.8% to $393.4 million in the first three months of fiscal year 2025, compared to $212.93m worth of repatriation in the same period last year.

According to data released by the State Bank of Pakistan, foreign companies repatriated $370.45m worth of profit against the foreign direct investments (FDI) in various businesses compared to $194.88m in SPLY, marking an increase of around 90.1%.

The outflow as payment against portfolio investment stood at $22.96m, compared with $18.05m in 3MFY24, a growth of 27.2%

Meanwhile, in September 2024 alone, repatriation of profits and dividends by foreign firms fell 27.5% from last year to $118.7m.

The Financial Business sector saw the highest profit repatriated worth $88.24m in 3MFY25 to overseas.

Country-wise, firms and individual investors in the United Kingdom dispatched the single largest profit of $145.5m during the three months, compared to $15.58m repatriated in the same period prior fiscal year.

The United States witnessed the repatriation of the second-highest profits as the country repatriated $56.12m abroad during 3MFY25, compared with $11.78m in 2MFY24.

Third in line was U.A.E which repatriated $39.27m from Pakistan, down as compared to the number during SPLY, when the country remitted $68.71m as profit income from Pakistan.

Next in line was France with a profit repatriation of $30.6m during the review period.

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