FDI clocks in at $131m in February

March 20, 2024 (MLN): Pakistan has recorded a Foreign Direct Investment (FDI) of $131.2m in the month of February, compared to a divestment of $147.7m witnessed in the previous month, the latest data issued by the State Bank of Pakistan (SBP) showed.

Comparison on a year-on-year basis shows that the country reported an FDI of $113.4m in the Same Period Last Year (SPLY).

Cumulatively in 8MFY24, the country fetched an FDI of $820.6m against the $990.2m attracted in the Same Period Last fiscal year.

Within the direct investments in the review month, there was an inflow of $177.3m, up by 16.26% YoY, while the outflow increased to $46.1m, up by over 17.6% YoY.

Concerning portfolio investment under FDI, an inflow of $9.2m was witnessed through equity securities, as compared to an inflow of $8.2m in February 2023.

The foreign private investment into the country amounted to a positive $140.4m in February 2024, as compared to private investment worth $121.5m recorded in February 2023.

Meanwhile, with respect to foreign public investment, an inflow of $6m was witnessed during the review month through equity securities.

Accordingly, the total foreign investment in the review month clocked in at $146.4m, compared to an investment of $121.5m in February 2023.

On a cumulative basis, within 8MFY24, the total foreign investment stood at $932.4m as compared to the foreign divestment of $27.2m reported in the corresponding period last year.

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