FDI falls to $59mn in July

MG News | August 25, 2022 at 11:45 AM GMT+05:00
August 25, 2022 (MLN): The inflow of foreign direct investment (FDI) into Pakistan during July stood at $59 million against the inflow of $103.8mn recorded in the same month a year ago, down by 39% YoY, the monthly data released by the central bank showed on Thursday.
On monthly basis, FDI fell by 76% from $260.2mn in June’22.
Data further revealed that the Power sector fetched the highest net FDI of $30.6mn during the month which was 16% higher compared to the same month last year.
Meanwhile, the financial sector attracted $27.7mn in FDI from foreign investors in July, compared to $36mn a year ago, showing a decline of 23%. Direct investment in the Communication sector dropped by 29% to $10.6mn from $14.9mn in July’21.
The Oil & Gas Exploration sector attracted $2.7mn as direct foreign investment in July, which was 86% lower when compared to $19mn in same month last year.
Country-wise, investment flows from the UAE jumped to $12.6mn from $3mn a year earlier, and investment from Switzerland rose slightly from $11mn to $11.5mn. Meanwhile, investors belonging to Germany and China invested $6.5mn and $4.6mn, up by 23% and 34% YoY.
However, FDI inflows from the Netherlands fell to $6.3mn from $7.3mn in July’21.
During the month under review, the foreign private investment into the country amounted to $62.6mn, out of which, $58.9bn was attributed to direct investments, while $3.7mn was attributed to portfolio investments.
Within the direct investments, there was an inflow of $114.2mn and an outflow of $55.3mn during the month under review.
Under the foreign public investment, $17.7mn worth of disinvestment was recorded in debt securities during July’22, signifying a massive 102% YoY decline against the net inflows of $1bn in July’21.
All in all, the country witnessed foreign investments of $44.9mn during July’22, showing a decline of 96% YoY and 78% MoM.
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 148,617.78 624.60M | 0.86% 1274.27 |
ALLSHR | 91,685.08 1,340.28M | 0.74% 669.39 |
KSE30 | 45,247.79 197.43M | 0.83% 370.74 |
KMI30 | 212,370.79 224.51M | 1.05% 2209.48 |
KMIALLSHR | 61,227.89 711.87M | 1.18% 715.56 |
BKTi | 41,264.02 160.39M | 0.54% 221.73 |
OGTi | 30,019.10 23.63M | 0.64% 190.41 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 108,265.00 | 0.00 0.00 | -510.00 -0.47% |
BRENT CRUDE | 67.46 | 67.94 67.29 | -0.52 -0.76% |
RICHARDS BAY COAL MONTHLY | 88.70 | 88.70 88.70 | -0.75 -0.84% |
ROTTERDAM COAL MONTHLY | 96.15 | 96.75 96.00 | -0.40 -0.41% |
USD RBD PALM OLEIN | 1,106.50 | 1,106.50 1,106.50 | 0.00 0.00% |
CRUDE OIL - WTI | 64.01 | 0.00 0.00 | 0.00 0.00% |
SUGAR #11 WORLD | 16.34 | 16.52 16.33 | -0.14 -0.85% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|