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.