Foreign investors repatriate over $694mn from Pakistan in 7 months
In an unprecedented financial trend, Pakistan saw a more than threefold increase in the repatriation of profits and dividends by foreign investors during the first seven months of Fiscal Year 2024, with the total amount reaching $694.28 million compared to $220.48 million in the same period last year, as reported by the central bank.
This surge is highlighted by foreign companies repatriating $639.22 million in profits from direct investments across various sectors, a significant jump from $184.38 million last year. Additionally, portfolio investment outflows also grew, totaling $55.06 million, up 52.51% year-on-year.
January 2024 alone witnessed repatriation of $126.6 million, indicating a robust growth and investor confidence in Pakistan’s market. The leading sectors for profit repatriation included Petroleum Refining, Power, Food, Financial Business, and Transport, with the Petroleum Refining sector alone sending $126.38 million overseas.
