Home / Brokerage / July-October profit repatriation up 65% – Alfalah Securities Limited

July-October profit repatriation up 65% – Alfalah Securities Limited

Karachi: The repatriation of profit and dividend by foreign investors recorded growth of 65% during the 4M FY12 registering repatriation of USD 336.8 million on account of profit and dividend as against USD 204 million last year.

According to Alfalah Securities Limited, government has allowed 100% transfer of profit or dividend to foreign investors in order to boost foreign investment in the country. The major outflow of profit and dividend was witnessed from the Foreign Direct investment (FDI) witnessing growth of 78%YoY at USD 261.3 million.

The power sector was the major contributor of repatriation of profits from where foreign investors repatriated USD53.7 million in 4M (Jul-Oct) of FY12 followed by Transportation sector recording repatriation of profit of USD 48 million. The repatriation remained on the higher side despite slackness in the economic activity though; it remained constrained to limited sectors which were resilient to the economic shocks.

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