Repatriation of profit and dividends by foreign investors registered significant growth and jumped over 266% during the first three months of this fiscal year.
According to the State Bank of Pakistan (SBP), repatriation of profit and dividend by foreign investors stood at $212.9 million in July-September of FY24, compared to a mere $58.1 million in the same period of the previous fiscal year (FY22), an increase of $154.8 million.
The SBP data further showed that repatriation of profit and dividend from Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI) in 1QFY24, stood at $194.9 million and $18 million, respectively, showing a YoY increase of 288% and 128%, respectively.
The highest outflow of profit and dividends amounting to $53.7 million was sent from the petroleum refining sector. This sector repatriated zero amounts in the same period of the previous fiscal year.