KARACHI: Repatriation of profits and dividends on foreign investment rose to $138.2 million in the first month of the current fiscal year as compared to $136.7 million in the same period last year, data released by the central bank shows.
The State Bank of Pakistan’s (SBP) data showed payments on foreign direct investment (FDI) increased to $126.8 million in July from $124.2 million in the same month last year. The payments on portfolio investment amounted to $11.4 million, compared with $12.6 million last year.
Details from SBP data showed that the highest outflow of $42.9m was for Hong Kong, jumping from just $0.7 million in the same period last year, followed by the United States with $37.7 million.
The biggest contributing sector was the oil and gas exploration sector with $30 million, followed by transport with $28 million and financial services with $27 million.
