KARACHI: The State Bank of Pakistan (SBP) reported on Tuesday the repatriation of profits and dividends on foreign direct investment (FDI) during the first two months of 2017-18 rose 68 per cent to $300 million.

The SBP report revealed that financial businesses (banks) repatriated $77.5 million in July-August against the net FDI of just $13.5m that the same sector received during the two-month period.

With the payment of $12.6m on foreign portfolio investment, the total outflow from this sector amounted to $90m in July-August against $13.8m a year ago.

Repatriation of profits and dividends from the petroleum refining sector was $47.3m, power $44.3m and telecommunications $39.8m in July-August.

Published in Dawn, September 27th, 2017