Profit Repatriation Up 188% in August 2024

The repatriation of profits and dividends from foreign investments in Pakistan increased to $135.6 million in August, marking a 188 percent increase compared to $47.1 million in August 2023, according to data released by the State Bank of Pakistan. In 1HFY25, this figure also saw a rise of 458 percent YoY to reach $274.7 million. There was a small 2.5 percent decrease in month-on-month outflows of profits and dividends in August this year. In the previous month, multinational companies and foreign investors in the local stock market had sent $139.1 million back to their countries. The Financial Business sector experienced the largest outflow of profits and dividends, reaching $43.5 million in August, an 11.7x increase from the previous year, according to SBP data. The Food sector followed with $28.3 million in repatriations, and the Transport came in third with $14.7 million in outflows during the period in review.