UK remains the highest profit repatriating country during 1HFY20

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 | 139,732.27 200.44M | 0.95% 1320.02 |
ALLSHR | 86,542.74 367.12M | 0.98% 839.78 |
KSE30 | 42,723.19 83.46M | 1.11% 468.34 |
KMI30 | 196,971.82 84.95M | 1.47% 2862.23 |
KMIALLSHR | 57,449.42 158.47M | 1.30% 735.75 |
BKTi | 37,932.54 13.70M | 0.27% 101.20 |
OGTi | 28,344.52 35.81M | 3.29% 903.89 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 119,495.00 | 119,785.00 117,905.00 | 1875.00 1.59% |
BRENT CRUDE | 72.47 | 72.82 72.16 | -0.77 -1.05% |
RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 2.20 2.33% |
ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.50 | -0.30 -0.29% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
CRUDE OIL - WTI | 70.11 | 70.41 69.80 | 0.11 0.16% |
SUGAR #11 WORLD | 16.50 | 16.52 16.45 | 0.05 0.30% |
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 |
---|