Foreign investors repatriated profits worth $2.22 billion in FY25, mirroring the amount recorded in FY24. The power sector led all categories with outflows totalling $399 million, marking a 1.6-time increase from the previous fiscal year, according to data compiled by AKD Securities.
The financial sector followed with repatriation of $385 million, though it represented a 40% decline from FY24. The food sector also posted a notable outflow of $306 million, up two times year-on-year. AKD report attributes the high FY24 figure largely to a backlog from FY23, when repatriations had dropped significantly to $331 million. The 20-year average now stands at $1.4 billion, indicating a strong recovery in the past two years.
June 2025 saw a sharp 72% year-on-year (YoY) drop in monthly repatriation, totalling $114 million compared to $414 million in June 2024. Sector-wise, communications, financial services and transport witnessed significant YoY declines, while personal services and oil & gas exploration saw increases. On the other hand, the inflow of remittances under the Roshan Digital Account (RDA) rose to $10.563 billion by the end of June 2025 as compared to $10.381 billion by May-end, according to APP.
The arrival of remittances during May was recorded at $182 million as compared to $201 million in May 2024 and $177 million in April 2025, according to the latest data released by the State Bank of Pakistan (SBP). The number of accounts registered under the programme rose 8,739 to 831,963 in June 2025 from 823,224 accounts in May 2025.
By the end of June, overseas Pakistanis invested $466 million in the Naya Pakistan Certificates, $926 million in the Naya Pakistan Islamic Certificates and $70 million in Roshan Equity Investment.
Furthermore, the Pakistani rupee held steady against the US dollar on Tuesday, recording a marginal depreciation of 0.01% in the inter-bank market. By the end of trading, the rupee closed at 284.97, slipping just two paisa compared to Monday's close at 284.95.
Meanwhile, gold prices in Pakistan remained unchanged, despite a rally in the international market, where the precious metal climbed to a five-week high amid growing global uncertainty.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola stood firm at Rs361,200, while the rate for 10 grams also held steady at Rs309,671. This stability follows a sharp increase on Monday, when the price per tola rose Rs3,600.
Internationally, gold gained momentum as concerns over trade tensions and weak US bond yields lifted safe-haven demand. Investors continue to monitor the August 1 tariff deadline set by US President Donald Trump, alongside developments surrounding the Federal Reserve's interest rate outlook.
Spot gold rose 0.6% to $3,415.61 per ounce by 1414 GMT, hitting its highest since June 16, according to Reuters. US gold futures were up 0.6% at $3,428.10.
The yield on benchmark US 10-year notes fell to a near two-week low, making non-yielding bullion more attractive.
Interactive Commodities Director Adnan Agar noted that gold remained on an upward trend globally, with the market touching a high of $3,430 per ounce. "The market is hot right now," he said, citing geopolitical uncertainty, Trump's repeated tariff threats and speculation surrounding a potential US interest rate cut in September. "There's a strong chance gold could test the $3,450-55 range before correcting down to $3,400 or even $3,380," Agar added.
With multiple geopolitical triggers on the horizon, including potential tariffs on Europe and continued pressure on the Fed, global gold prices are expected to remain volatile in the days ahead.
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