FDI rises 67% MoM to $146m in August

MG News | September 14, 2023 at 10:20 PM GMT+05:00

0:00

September 14, 2023 (MLN): Foreign direct investment (FDI) in Pakistan stood at $146.1 million in August 2023, registering a notable increase of 66.61% MoM and 15.44% YoY compared to $87.7m in July 2023 and $126.6m in August 2022, the latest data issued by the State Bank of Pakistan (SBP) showed.

Within the direct investments in the review month, there was an inflow of $197.6m, up by 37.8% YoY, while the outflow surged to $51.5m, up by over 2.06x YoY.

With respect to the portfolio investment under FDI, an inflow of $6.4m was witnessed through equity securities, as compared to the net selling of equity securities worth $10.5m in August 2022.

The foreign private investment into the country amounted to $152.5m in August 2023, which jumped by 31.34% YoY compared to 116.1m in August 2022.

Meanwhile, foreign public divestment stood at $2.1m during the review month.

Accordingly, the total foreign investment in the review month clocked in at $150.4m, compared to $115.5m in August 2022.

On a cumulative basis, within 2MFY24, FDI increased by 31.79% YoY to $256.5m as compared to FDI of $194.6m reported in the corresponding period last year.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	161,631.73 408.94M	3.13% 4898.86
ALLSHR	98,254.73 951.34M	2.71% 2590.07
KSE30	49,377.29 213.50M	3.40% 1624.91
KMI30	232,700.28 121.13M	2.88% 6525.03
KMIALLSHR	64,179.60 399.93M	2.39% 1496.52
BKTi	46,334.17 105.09M	5.56% 2441.42
OGTi	31,362.73 10.58M	1.56% 482.31

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,880.00	111,630.00 107,835.00	2925.00 2.73%
BRENT CRUDE	64.58	65.15 63.81	0.21 0.33%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.25 -1.53%
ROTTERDAM COAL MONTHLY	92.90	92.90 92.90	-0.25 -0.27%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.88	61.38 59.99	0.31 0.51%
SUGAR #11 WORLD	14.42	14.49 14.20	0.14 0.98%