UK remains the highest profit repatriating country during 1HFY20

By MG News | January 23, 2020 at 05:31 PM GMT+05:00
January 23, 2020 (MLN): Outflow of profits and dividends during the first six months of the current fiscal year did not show any significant change, as it rose only by 10% YoY to $836.3 million from $759.5 million recorded in Jul-Dec FY19.
According to the country-wise data released by State Bank of Pakistan (SBP), the United Kingdom witnessed the highest profit repatriation during Jul-Dec FY20. It repatriated $176 million, up by 3% YoY. In December 2019, UK repatriated $10.5 million from Pakistan.
The USA emerged as the second country with high-profit repatriation from Pakistan, as it repatriated $132.8 million, compared with $125.8million, depicting the growth of 6% YoY in the aforementioned period. The profit repatriation was recorded at $13.3 million during December 2019.
Third in line is Hong Kong which repatriated $100 million from Pakistan during 1HFY20 when compared with $17.7 million in the corresponding period of the last fiscal year, signifying the growth of 5.6 times YoY. Profit outflows from Pakistan to Hong Kong in December 2019 stood at $10.6 million.
This was followed by China with profit repatriation of $92.4 million, up by 132% YoY and Switzerland with $63.5 million, showing a growth of 9% YoY during Jul-Dec FY20.
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 131,949.07 198.95M |
0.97% 1262.41 |
ALLSHR | 82,069.26 730.83M |
0.94% 764.01 |
KSE30 | 40,387.76 80.88M |
1.11% 442.31 |
KMI30 | 191,376.82 77.76M |
0.36% 678.77 |
KMIALLSHR | 55,193.97 350.11M |
0.22% 119.82 |
BKTi | 35,828.25 28.42M |
3.64% 1259.85 |
OGTi | 28,446.34 6.84M |
-1.02% -293.01 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 108,125.00 | 110,525.00 107,865.00 |
-2290.00 -2.07% |
BRENT CRUDE | 68.51 | 68.89 67.75 |
-0.29 -0.42% |
RICHARDS BAY COAL MONTHLY | 97.50 | 0.00 0.00 |
0.75 0.78% |
ROTTERDAM COAL MONTHLY | 106.00 | 106.00 105.85 |
-2.20 -2.03% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
CRUDE OIL - WTI | 66.50 | 67.18 66.04 |
-0.50 -0.75% |
SUGAR #11 WORLD | 16.37 | 16.40 15.44 |
0.79 5.07% |
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 |
---|