Repatriation of profit plunges by 82% YoY in 9MFY23

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.

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