Repatriation of profit plunges by 82.7% YoY in 10MFY23

MG News | May 26, 2023 at 01:04 PM GMT+05:00

0:00

May 26, 2023 (MLN): Repatriation of profit and dividends by foreign investors plummeted by around 82.7% YoY in 10MFY23 to $253.4 million compared to $1.46 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 $208mn worth of profit against the foreign direct investments (FDI) in various businesses compared to $1.33bn in SPLY, marking a plunge of around 84.4% YoY.

While the outflow as payment against portfolio investment stood at $45.4mn, compared with $130.7mn in the same period a year earlier, witnessing a drop of 66.26% YoY.

To note, the repatriation of profit on account of FDI is lower than overall FDI which amounted to $1.17bn during the ten months of this fiscal year.

Similarly, in the month of March 2023 alone, repatriation of profits and dividends on investment by foreign firms stood at $7.7mn.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	162,102.92 254.63M	-0.51% -834.01
ALLSHR	98,424.06 767.06M	-0.39% -385.08
KSE30	49,178.66 92.71M	-0.54% -267.15
KMI30	231,230.31 69.98M	-0.64% -1485.54
KMIALLSHR	64,033.87 360.75M	-0.55% -353.80
BKTi	43,997.64 36.18M	0.12% 50.75
OGTi	32,027.34 12.90M	-0.69% -223.49

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	85,250.00	88,150.00 80,750.00	-1190.00 -1.38%
BRENT CRUDE	62.51	63.10 61.87	-0.87 -1.37%
RICHARDS BAY COAL MONTHLY	85.00	0.00 0.00	0.25 0.30%
ROTTERDAM COAL MONTHLY	96.25	0.00 0.00	0.15 0.16%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	57.98	58.80 57.38	-1.02 -1.73%
SUGAR #11 WORLD	14.77	14.83 14.56	0.11 0.75%