FDI falls 23.16% MoM In July to $87.7m

MG News | August 18, 2023 at 06:11 PM GMT+05:00

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August 18, 2023 (MLN): Foreign direct investment (FDI) in Pakistan stood at $87.7 million in July 2023, registering a notable decline of 23.16% MoM compared to $114.13m in June 2023, the latest data issued by the State Bank of Pakistan (SBP) showed.

While on a yearly basis, the FDI witnessed a rise of 14.71% YoY as compared to $74.8m in the same period last year.

Within the direct investments in the review month, there was an inflow of $147.7m, up by 19.1% YoY, and 4.46% MoM while the outflow stood at $60m, up by over 2.21x MoM and 21.9% YoY.

With respect to the portfolio investment under FDI, an inflow of $16.3m was witnessed through equity securities, reflecting a rise of 4.41x YoY.

The foreign private investment into the country amounted to $104m in July 2023, which jumped by 32.4% YoY compared to $78.5m in July 2022.

Meanwhile, foreign public investment stood at $6m during the review month.

Accordingly, the total foreign investment in the review month clocked in at $110m, compared to $111.2m in June 2023.

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