Pakistan witnesses FDI of $114 million in Jul’20

August 20, 2020 (MLN): Pakistan witnessed Foreign Direct Investments of $114.3 million during the month of July 2020, i.e. around 61% higher as compared to the net inflows of $71 million received in the same month of last year.

According to the monthly data compiled by the State Bank of Pakistan, the Foreign Private Investment into the country amounted to $41.1 billion, out of which, $114.3 million was attributed to Direct Investments, whereas disinvestment of $73.2 million was attributed to Equity Securities i.e. a part of Portfolio Investments.

Within the Direct Investments, there was an inflow of $169.1 million and an outflow of $54.8 million during the month. 

Country-wise, China remained the largest investor with net FDI of $27 million during the period, as compared to the net outflow of $17 million it invested in the same period last year.

Malta was the second largest investor with net FDI of $19 million during July, as compared with a net investment of $19 million observed during the same period last year.

During the period under review, a major investment was poured in Electrical Machinery ($29 million) followed by Financial Business ($24 million) and Communications Sector ($22 million).

The country also saw Foreign Public Investments of $66.1 million during the month under review, whereas there was none in the same period of last year. It is imperative to note that the entire amount was attributed to Debt Securities, which comes under Portfolio Investment.

All in all, the Foreign Investments in Pakistan during the month amounted to $107.2 million, i.e. 2.2% higher than the net inflows of $105 million recorded in July 2019.

Copyright Mettis Link News