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	174,054.32 414.47M	-0.24% -418.47
ALLSHR	104,614.51 954.56M	-0.04% -36.82
KSE30	53,302.93 170.17M	-0.35% -187.58
KMI30	248,539.23 176.46M	-0.45% -1124.66
KMIALLSHR	67,872.78 518.91M	-0.25% -166.70
BKTi	48,390.43 34.49M	0.05% 22.29
OGTi	34,888.42 15.94M	0.06% 21.04

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	88,055.00	89,705.00 87,470.00	-205.00 -0.23%
BRENT CRUDE	60.91	61.92 60.63	-0.42 -0.68%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	0.65 0.75%
ROTTERDAM COAL MONTHLY	96.75	0.00 0.00	0.20 0.21%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	57.47	58.55 57.20	-0.48 -0.83%
SUGAR #11 WORLD	14.95	15.22 14.80	0.11 0.74%