ISLAMBAD JULY 29: In the fiscal year 2023–2024, foreign corporations repatriated $2,215 million in earnings and dividends, a 6.7x YoY increase from $331 million during the same time the previous year.
As a result of the backlog being cleared, Arif Habib Limited (AHL) claims that this is the largest profit and dividend repatriation seen since FY18. This was the biggest repatriation high in the previous six years.
During June 2024, the repatriation of profits and dividends in Pakistan increased by 23.1x YoY to 414.5 million.
The Financial Business sector had the highest payments on total foreign investments, totaling $638.6 million in FY24, up 17.6x compared to $36.2 million in the same period last year.
Profit repatriation from the Power sector clocked in at $245.8 million during the period in review, compared to $44 million in SPLY.
The Petroleum Refining industry saw outflows of $130.9 million in the previous year and $0.1 million in June 2024. Payments from the communications industry, however, totaled $86.4 million in June and $205.4 million in FY24.
