Foreign investors repatriated $1.2 billion on account of profit and dividend during first 10 months (July-April) of this fiscal year (FY19). According to the State Bank of Pakistan (SBP), the repatriation of profit and dividend by foreign investors has witnessed a downward trend, posting a negative growth of 30 percent during the first 10 months of the current fiscal year.
Investors have repatriated some $1.238 billion on account of profit and dividend on foreign investment (foreign direct investment and portfolio investment) during July-April of FY19 against $1.773 billion during the same period of last fiscal year (FY18), depictiing a decline of $535 million The detailed analysis revealed that repatriation on account of FDI and Foreign Portfolio Investment (FPI) witnessed a declining trend due to weak economic performance. However, major outflow of profit and dividend has been witnessed from Foreign Direct Investment (FDI) and cumulatively, some 84 percent of the repatriated amount has been sent as returns on FDI.
During the period under review, repatriation on account of FDI fell by 31.5 percent. Foreign investors sent abroad $1.036 billion on account of return on FDI during July-April of the current fiscal year compared to $1.513 billion in the corresponding period of last fiscal year. The repatriation of profit and dividend on account of returns on portfolio investment stood at $202 million in first 10 months of this fiscal year compared to $260 million in the corresponding period of last fiscal year (FY18).
Most of the repatriation has been made from oil and gas sector amounting to $216 million, financial business $202 million, food sector $86 million; chemical $91 million and power sector $103 million. Month-on-month basis, foreign investors repatriated an amount of $188 million as profit and dividend on foreign investment in Pakistan.
Comments
Comments are closed.