Pakistan’s FDI inflows drop by 2% to $1.29bn in 9MFY22

News Image

MG News | April 19, 2022 at 08:15 PM GMT+05:00

0:00

April 19, 2022 (MLN): Foreign Direct Investment (FDI) inflows into Pakistan fell by 2 percent year-on-year during July-March of FY22 to reach $1.29 billion, according to the data issued by the State Bank of Pakistan today.

The country had fetched FDI amounting to $1.31bn during July-March of FY21.

March’22 turned out to be a disappointing month for Pakistan as the country witnessed foreign direct disinvestment of $30.4 million against the inflows of $173.4mn recorded in the same month of the previous fiscal year.

Going by the details made available by the central bank, the country has seen negative private disinvestment that totaled $57.6mn in March’22 as opposed to inflows of $162.4mn reported in the same period last year.

Out of $57.6mn disinvestment, $30.4mn was attributed to direct disinvestments, whereas disinvestment of $27.2mn was accorded to equity securities i.e., a part of portfolio investments.

This significant foreign direct disinvestment was attributed to the net FDI outflows from Norway as it disinvested $71mn in March 2022. While outflows from China stood at $39.7mn in the said month under review.

Sector-wise, Communications observed the highest net outflows of $161mn during the month of March 2022. On the other hand, the Power sector attracted $77.8mn net FDI, followed by the Financial Business with $23.3mn.

Under the foreign public investment, $402.2mn worth of disinvestment was witnessed in debt securities during the month against the net inflows of $128.6mn in March 2021.

All in all, the country witnessed foreign disinvestments of $459.8mn during March 2022 when compared to net inflows of $291.1mn in the same month last fiscal year.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,530.00 119,740.00
118,145.00
235.00
0.20%
BRENT CRUDE 73.44 73.52
71.75
0.93
1.28%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 70.28 70.35
68.45
1.07
1.55%
SUGAR #11 WORLD 16.46 16.58
16.37
-0.13
-0.78%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg