Repatriation of profit plunges by 80.44% YoY in 11MFY23

MG News | June 27, 2023 at 01:08 PM GMT+05:00

0:00

June 27, 2023 (MLN): Repatriation of profit and dividends by foreign investors plummeted by around 80.44% YoY in 11MFY23 to $313.1 million compared to $1.60 billion 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 $257.2m worth of profit against the foreign direct investments (FDI) in various businesses compared to $1.44bn in SPLY, marking a plunge of around 82.22% YoYin 11MFY23.

While the outflow as payment against portfolio investment stood at $55.9m, compared with $153.3m in the same period a year earlier, witnessing a drop of 63.54% YoY in 11MFY23.

In the month of May 2023, repatriation of profits and dividends by foreign firms stood at $59.7m, marking an increase of 1.20x MoM, with respect to $20.2m in April 2023.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	162,257.01 562.77M	1.87% 2976.92
ALLSHR	99,380.23 1,709.54M	1.45% 1420.48
KSE30	49,723.02 249.85M	2.19% 1064.70
KMI30	242,320.07 203.65M	1.92% 4557.15
KMIALLSHR	67,250.10 719.31M	1.41% 933.64
BKTi	43,218.98 85.51M	2.61% 1101.06
OGTi	33,939.93 32.55M	2.48% 822.14

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,520.00	110,495.00 109,270.00	-500.00 -0.45%
BRENT CRUDE	70.18	70.44 69.11	0.76 1.09%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	92.95	92.95 92.90	0.15 0.16%
USD RBD PALM OLEIN	1,085.00	1,085.00 1,085.00	0.00 0.00%
CRUDE OIL - WTI	65.86	66.15 64.66	0.88 1.35%
SUGAR #11 WORLD	16.35	16.41 16.21	0.07 0.43%