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Repatriation on foreign investment increases by 27pc in Q1

byCT Report
27/10/2017
in Business
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KARACHI: The repatriation of profit/dividend by foreign companies operating in Pakistan has increased by over 27 percent in the first quarter of 2017/2018 as compared with the same quarter of the last fiscal year.

According to statistics issued by State Bank of Pakistan (SBP) on Thursday, the repatriation against foreign investments increased by 27.55 percent to $427 million during July – September 2017 as compared with $334.6 million in the corresponding quarter of the last year.

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The financial business posted heavy growth in terms of profit as their repatriation increased by 60 percent to $98.6 million during the quarter under as compared with $61.7 million in the same quarter of the last year.

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