Pakistan sees surge of 586% in repatriation of Profits

Pakistan's economy has received a significant boost with a substantial increase in the repatriation of profits and dividends in November 2024.

The total repatriation amount in November stood at $321.6 million, marking a remarkable 586% year-over-year surge, despite a 22.3% month-over-month decline.

This upward trend is also reflected in the first five months of the fiscal year 2025, with repatriation of profits and dividends rising by 112% year-over-year to reach $1.128 billion.

A closer look at the sector-wise breakdown reveals impressive growth in various industries. The food sector, for instance, saw a staggering jump from $0.18 million to $60.2 million. Similarly, the tobacco and cigarettes sector rose from $0.21 million to $25 million.

Other sectors that witnessed significant increases include cement, which surged from $0.1 million to $12.4 million, transport, which jumped from $1.16 million to $26.4 million, and power, which rose from $2.72 million to $41.1 million.

This surge in repatriation of profits and dividends is a testament to Pakistan's improving business environment and investor confidence.