Foreign Investment in Pakistan grows by 19% MoM in January

February 22, 2021 (MLN): Foreign Investment in Pakistan totaled $240.6 million during the month of January, i.e. nearly 19% higher as compared to the previous month but 85% lower as compared to the same month of last year.

With regards to Direct Foreign Investment (FDI), Pakistan welcomed $192.7 million as FDI during the month of January 2021, compared to $193.6 million in the previous month and $219.6 million in the same month a year ago.

According to the data compiled by the State Bank of Pakistan, cumulatively, FDI fell by 27% YoY to $1.145 billion during 7MFY21, i.e. July to January, as compared to FDI of $1.577 billion reported in the corresponding period last year.

During the month of January, the Foreign Private Investment into the country amounted to $200.2 million, out of which, $192.7 million was attributed to Direct Investments, whereas investment of $7.5 million was attributed to Equity Securities i.e. a part of Portfolio Investments.

Within the Direct Investments, there was an inflow of $257.2 million and an outflow of $64.4 million during the month.  

Under the Foreign Portfolio Investment, $40.3 million worth of investment witnessed in debt securities during January 2021, showing a significant decline of 40% MoM and 97% YoY, against the net inflows of $67.7 million in December 2020 and $1.387 billion in January 2019.

Copyright Mettis Link News

Posted on: 2021-02-22T12:08:00+05:00

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