FDI plummets by 58.7% YoY in 1HFY23 amid economic uncertainty

MG News | January 19, 2023 at 03:04 PM GMT+05:00

0:00

January 19, 2023 (MLN): On the back of rising economic and political uncertainty, the inflow of foreign direct investment (FDI) into Pakistan during 1HFY23 plunged by 58.7% YoY to $461 million, compared to $1.11 billion during the same period last year, the latest data released by the central bank showed on Wednesday.

In December 2022 alone, the FDI turned negative as the total outflows stood at $17mn compared to 229.8mn inflows in December 2021.

Within the direct investments, there was an inflow of $222mn and an outflow of $239mn during the month under review.

Meanwhile, the country witnessed outflows of $15.1mn from foreign private investment compared to $186.1mn in terms of foreign private investment.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	146,529.31 298.88M	-0.32% -476.02
ALLSHR	90,649.25 645.24M	-0.13% -120.81
KSE30	44,855.41 127.01M	-0.35% -156.33
KMI30	208,066.95 107.55M	-0.47% -973.43
KMIALLSHR	60,419.98 382.07M	-0.25% -150.87
BKTi	41,101.09 38.49M	0.35% 145.35
OGTi	30,764.81 26.70M	-1.30% -406.47

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,480.00	125,200.00 117,610.00	-4950.00 -4.01%
BRENT CRUDE	66.91	66.99 65.55	1.28 1.95%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	2.20 2.33%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.50	-0.30 -0.29%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	64.00	64.10 62.58	1.35 2.15%
SUGAR #11 WORLD	16.58	16.85 16.51	-0.27 -1.60%