Repatriation of profit plunges by 82% YoY in 9MFY23

News Image

MG News | April 28, 2023 at 12:45 PM GMT+05:00

0:00

April 28, 2023 (MLN): Repatriation of profit and dividends by foreign investors plummeted by around 82% YoY in 9MFY23 to $233 million compared to $1.26 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 $194.5mn worth of profit against the foreign direct investments (FDI) in various businesses compared to $1.15bn in SPLY, marking a plunge of around 83% YoY.

While the outflow as payment against portfolio investment stood at $38.6mn, compared with $115.36mn in the same period a year earlier, witnessing a drop of 66.5% YoY.

To note, the repatriation of profit on account of FDI is lower than overall FDI which amounted to $1bn during the nine 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 135,939.87
307.74M
-0.41%
-562.67
ALLSHR 84,600.38
877.08M
-0.56%
-479.52
KSE30 41,373.68
101.15M
-0.43%
-178.94
KMI30 191,069.98
82.45M
-1.17%
-2260.79
KMIALLSHR 55,738.07
422.01M
-1.03%
-577.24
BKTi 38,489.75
45.79M
-0.02%
-8.33
OGTi 27,788.15
6.87M
-1.24%
-350.24
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,865.00 118,465.00
117,475.00
1125.00
0.96%
BRENT CRUDE 69.05 69.05
68.89
0.34
0.49%
RICHARDS BAY COAL MONTHLY 96.50 96.50
96.50
0.50
0.52%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.25
-2.05
-1.92%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.95 66.95
66.73
0.43
0.65%
SUGAR #11 WORLD 16.56 16.61
16.25
0.26
1.60%

Chart of the Day


Latest News
July 16, 2025 at 06:18 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 15, 2025 at 05:46 PM GMT+05:00

Labubu Mania drives Pop Mart’s profit surge


July 15, 2025 at 05:22 PM GMT+05:00

Big industry output rises 2.29% in May



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg