Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

Trending :

Pakistan records FDI of $358.8m in April

Pakistan records FDI of $358.8m in April
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

May 17, 2024 (MLN): Pakistan has recorded a Foreign Direct Investment (FDI) of $358.84m in April, compared to an FDI of $131.9m in the Same Period Last Year (SPLY), the latest data issued by the State Bank of Pakistan (SBP) showed.

Comparison on a month-on-month basis shows that the country reported an investment of $258.04m witnessed in the previous month.

Cumulatively in 10MFY24, the country fetched an FDI of $1.46 billion against the $1.35 billion attracted in the Same Period Last fiscal year.

Within the direct investments in the review month, there was an inflow of $414.04m, up by 133.79% YoY, while the outflow increased to $55.21m, up by over 22.15% YoY.

Concerning portfolio investment under FDI, an inflow of $16.31m was witnessed through equity securities, as compared to an inflow of $6.12m in April 2023.

The foreign private investment into the country amounted to a positive $375.14m in April 2024, as compared to private investment worth $138.02m recorded in April 2023.

Meanwhile, with respect to foreign public investment, an outflow of $979.85m was witnessed during the review month through equity securities.

Accordingly, the total foreign divestment in the review month clocked in at $604.71m, compared to an investment of $139.17m in April 2023.

On a cumulative basis, within 10MFY24, the total foreign investment stood at $659.26m as compared to foreign investment of $341.39m reported in the corresponding period last year.

Copyright Mettis Link News

Posted on: 2024-05-17T16:40:25+05:00