According to figures released by the State Bank of Pakistan (SBP), it has been revealed that foreign investors repatriated $1.5b on account of profit and dividends in the first 10 months of Financial Year (FY) 2016-17. It was also reported that the foreign direct investment in the country reached $1.733b during FY 2016-17.
SBP statistics showed that an uptick had been registered in the repatriation of profit and dividends during FY 2016-17 posting a rise of 5pc. $1.521b were repatriated on account of profit and dividends during FY 2016-17 against $1.456b in FY 2015-16. This represents an increase of $65.2m in a one year period.
During FY 2016-17, repatriation from foreign direct investment (FDI) grew by 8pc, inflows from foreign investors were recorded at $1.233b on account of return on FDI during the period mentioned above. It had been recorded at $1.140b during FY 2015-16, representing an increase of $93m. A decline was registered in the repatriation of profit and dividend on account of FDI in comparison to the total FDI that came into the country during FY 2016-17.
$288.7m was repatriated on account of returns of portfolio investment during FY 2016-17 in comparison to $316.7m in FY 2015-16. This is a decline of 10pc year on year (YoY) basis. The repatriations came from Oil and Gas sector worth $102m, Power sector $160m, $274m financial business sector, $107.6m Chemical sector and $194m from the food sector.
