Foreign Divestment in Pakistan drops by 69 percent in Apri
MG News | May 18, 2020 at 02:39 PM GMT+05:00
May 18, 2020 (MLN): The Foreign Direct Divestment in Pakistan during the month of April 2020, totaled $511.5 million, which is lower by around 69 percent as compared to the previous month and 43 percent as compared to the same month of last year.
The data released by the State Bank of Pakistan showed that the Foreign Private Investment during the month under review amounted to $54.1 million, i.e. lower by about 73 percent MoM and 47 percent YoY.
Within the Foreign Private Investment, around $133.2 million were attributable to Direct Investment whereas $79.1 million were attributable to Portfolio Divestment.
On the contrary, the Foreign Public Divestment amounted to $565.6 million during the month, which is lower by nearly 69 percent YoY and 43 percent MoM.
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