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FDI jumps by 88% MoM in August

September 22, 2022 (MLN): The inflow of foreign direct investment (FDI) into Pakistan during August stood at $110.7 million against the inflow of $58.9mn recorded in the previous, up by 88% MoM, the monthly data released by the central bank showed on Thursday.

On yearly basis, FDI fell by 12% from $125.4mn in August’21.

During Jul-Aug FY23, FDI inflows dropped by 26% to $169.5mn from $229.5mn in Jul-Aug FY22.

Data further revealed that the Power sector fetched the highest net FDI of $49.8mn during the month followed by the Financial businesses ($23mn) and Communication sector ($14.4mn).

Country-wise, investors belonging to China invested $28.1mn, followed by UAE, Switzerland, and the Netherland with net investments of $12.8mn, $11.7mn, and $10.5mn respectively.

During the month under review, the foreign private investment into the country amounted to $100.2mn, out of which, $110.7bn was attributed to direct investments, while disinvestment of $10.5mn was attributed to equity securities i.e., a part of portfolio investments.

Within the direct investments, there was an inflow of $133.6mn and an outflow of $22.9mn during the month under review.

Under the foreign public investment, $0.7mn worth of disinvestment was recorded in debt securities during Aug’22, signifying a massive decline of 97% YoY and 96% MoM.

All in all, the country witnessed foreign investments of $99.5mn during Aug’22, showing an increase of 15% YoY and 121% MoM.

Copyright Mettis Link News

Posted on:2022-09-22T11:26:58+05:00

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