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.
