FDI jumps by 61.8% MoM in March

MG News | April 20, 2023 at 11:02 AM GMT+05:00

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April 20, 2023 (MLN): Foreign direct investment (FDI) in Pakistan stood at $163.4 million in March 2023, registering a notable surge of 61.8% MoM compared to $100.9mn in February 2023, the latest data issued by State Bank of Pakistan (SBP) showed.

While on yearly basis, the FDI made a turnaround as last year in March, the FDI witnessed a net outflow of $30.4mn.

Within the direct investments in the review month, there was an inflow of $210.7mn, up by 75% MoM and 5.8% YoY while the outflow stood at $47.3mn, up by over 2x MoM whereas on yearly basis, it dropped by 79% YoY.

The foreign private investment into the country amounted to $166mn in March 2023, which jumped by 55.8% YoY compared to $106.5mn in March 2022.

Meanwhile, no investment was recorded under the foreign public investment during the review month.

Accordingly, the total foreign investment in the review month clocked in at $166.1mn, compared to $106.5mn in February 2023.

Within 9MFY23, FDI decreased by 23% YoY to $1bn as compared to FDI of $1.35bn reported in the corresponding period last year.

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