Repatriation of profit rises
Profits sent abroad from communications sector worth most at $45.9 million.
KARACHI:
The repatriation of profit and dividends on foreign investment rose by 1.9 per cent on a yearly basis for the period of July to October to $203.8 million, according to data released by the State Bank of Pakistan.
Repatriation of profits on foreign direct investment came in at $160.1 million while the repatriation of dividends on foreign portfolio investment was at $43.7 million for the period under scrutiny. The former fell by four per cent while the latter rose by 34 per cent compared with the corresponding months in fiscal year 2010.
Repatriation of profits and dividends from the communications sector led the way with $45.9 million flowing out of the country in July-October of the current fiscal year. The same sector had led the way in the previous fiscal year as well when $40.6 million was sent out of the country in profits and dividends.
The country received $467.7 million in foreign direct investment in the first four months of the fiscal year which is substantially lower than the $596.4 million that flowed into the country in the corresponding period last year. The oil and gas exploration sector is where most of the foreign investment has ended up, with the sector receiving $150.2 million in foreign flows in the four months.
Published in The Express Tribune, November 27th, 2010.
The repatriation of profit and dividends on foreign investment rose by 1.9 per cent on a yearly basis for the period of July to October to $203.8 million, according to data released by the State Bank of Pakistan.
Repatriation of profits on foreign direct investment came in at $160.1 million while the repatriation of dividends on foreign portfolio investment was at $43.7 million for the period under scrutiny. The former fell by four per cent while the latter rose by 34 per cent compared with the corresponding months in fiscal year 2010.
Repatriation of profits and dividends from the communications sector led the way with $45.9 million flowing out of the country in July-October of the current fiscal year. The same sector had led the way in the previous fiscal year as well when $40.6 million was sent out of the country in profits and dividends.
The country received $467.7 million in foreign direct investment in the first four months of the fiscal year which is substantially lower than the $596.4 million that flowed into the country in the corresponding period last year. The oil and gas exploration sector is where most of the foreign investment has ended up, with the sector receiving $150.2 million in foreign flows in the four months.
Published in The Express Tribune, November 27th, 2010.