KARACHI: The foreign companies operating in Pakistan have repatriated around $892 million as profit and dividend during first half (July – December) of fiscal year 2020/2021 (1HFY21), according to data released by State Bank of Pakistan (SBP) on Tuesday.
The repatriation of profit and dividend was 6.7 percent higher when compared with $836 million in the same half of the last fiscal year.
An amount of $840 million was repatriated during the first half of the current fiscal year against foreign direct investment (FDI) as compared with $743 million in the same half of the last fiscal year, showing an increase of 13 percent.
The repatriation of funds against portfolio investment, however, fell to $52.2 million as during the half under review as compared with $93 million in the same half of the lat fiscal year.
Major repatriation was witnessed in food sector which recorded $172.9 million against the total foreign investment during July – December 2020/2021 as compared with $54.6 million in the same period of the last fiscal year.
The foreign companies engaged in telecommunications repatriated around $105 million during the first half of the current fiscal year as against $26 million in the same half of the last fiscal year.
The repatriation of profit and dividend by companies in financial businesses reduced to $133.5 million during the half under review as compared with $155.6 million in the same half of the last fiscal year.
The profit repatriation by beverage companies also witnessed increase to $39 million during the period under review as compared with $28 million in the corresponding period of the last fiscal year.
