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FDI drops by 2x MoM in February 2023 to $100.9mn

FDI drops by 2x MoM in February 2023 to $100.9mn
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March 20, 2023 (MLN): Foreign direct investment (FDI) in Pakistan stood at $100.9 million in February 2023, registering a notable drop of over 2x MoM compared to $222.6mn in January 2023, latest data issued by State Bank of Pakistan (SBP) showed.

While on yearly basis, the FDI increased by 11.12% YoY compared to $90.8mn in the same month last year.

Within the direct investments, there was an inflow of $120.2mn and an outflow of $19.3mn during the month.

The foreign private investment into the country amounted to $106.5mn, which jumped by 27% YoY compared to $83.8mn in February 2022.

Under the foreign public investment, all the investment was concentrated into portfolio investment worth $5.6mn against the outflow of $1.1mn in January 2023.

Accordingly, the total foreign investment in the review month clocked in at $106.5mn, compared to $230.3mn in January 2023.

However, within 8MFY23, FDI plunged by 40% YoY to $784mn as compared to FDI of $1.35 billion reported in the corresponding period last year.

Out of total foreign investment in 8MFY23, the country witnessed an outflow of $513mn, compared to an inflow of $1.3bn.

Copyright Mettis Link News


Posted on: 2023-03-20T17:49:35+05:00