FDI jumps by 61.8% MoM in March

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

Add Mettisglobal as a Trusted Source on Google

0:00

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.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,846.68 370.24M	-0.81% -1463.60
ALLSHR	108,777.96 842.70M	-0.57% -624.36
KSE30	53,571.08 118.45M	-0.81% -434.78
KMI30	253,007.72 126.35M	-1.06% -2717.47
KMIALLSHR	69,727.55 549.62M	-0.70% -488.73
BKTi	52,178.22 35.92M	-0.12% -62.01
OGTi	35,518.90 13.54M	-0.77% -274.36

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,775.00	64,610.00 63,260.00	-345.00 -0.54%
BRENT CRUDE	89.14	90.03 86.60	1.42 1.62%
RICHARDS BAY COAL MONTHLY	105.50	0.00 0.00	-4.00 -3.65%
ROTTERDAM COAL MONTHLY	122.00	122.00 122.00	0.75 0.62%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	83.40	84.61 81.27	1.27 1.55%
SUGAR #11 WORLD	16.74	16.75 16.33	0.27 1.64%