KARACHI: Foreign investors repatriated $887.1 million in profits and dividends in the first 10 months of FY24, a 250.13% increase from $253.36 million in the same period last year.
According to the latest data from the State Bank of Pakistan (SBP), foreign firms repatriated $56.56 million in profits and dividends in April 2024 alone.
The financial business sector led with $149.58 million repatriated in 10MFY24. The petroleum refining sector saw profit outflows of $132.66 million, while the power sector repatriated $120.95 million. The food and transport sectors recorded repatriations of $109.19 million and $68.38 million, respectively.
The SBP data also revealed that investors from the UAE repatriated the highest profits, totaling $186.15 million in 10MFY24, compared to $12.35 million in the previous year.
The UK followed with $155.99 million, up from $15.88 million. China repatriated $101.32 million, an increase from $50.14 million. The United States repatriated $53.77 million during the review period.
Foreign companies repatriated $811.64 million from foreign direct investments (FDI) in various businesses, compared to $207.93 million in the previous year, marking a 290.35% increase.
Payments against portfolio investments amounted to $75.44 million, up from $38.61 million in 10MFY23, reflecting a 66.05% growth.
