Repatriation of profit plunges by 82% YoY in 9MFY23

MG News | April 28, 2023 at 12:45 PM GMT+05:00
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
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|