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Mettis Global News

Pakistan’s Financial Business sector attracts highest net FDI of around 69m in December

Pakistan's Financial Business sector attracts highest net FDI of around 69m in December
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January, 17 2025 (MLN): Pakistan’s Financial Business Sector witnessed the highest net Foreign Direct Investment (FDI) worth $68.63 million in December 2024, as per the latest data released by the State Bank of Pakistan (SBP).

The second and third highest rank was held by the Power and Oil & Gas Explorations sector as they experienced a net inflow of $48.1m and $38.12m respectively from foreign investors in the review month.

On the other hand, the sector that witnessed the biggest net outflow was the Mining & Quarrying sector as foreign investors withdrew an amount of $36.56m.

In the ongoing fiscal period (6MFY25), the Power sector has ranked first in terms of highest net FDI of $488.39m, compared to an inflow of $388.69m recorded in 6MFY24.

This was followed by the Financial Business sector which attracted a net FDI of $352.98m during the review period as against $300.54m in the previous fiscal year.

The third-highest net FDI receiver was Oil & Gas Explorations sector with cumulative net inflows of $166.71m, showing a rise of 8.65% YoY as the sector observed $153.43m net foreign inflows in SPLY.

Analyzing further, the sector that experienced the highest divestment was Communications sector, as the FDI balance for this sector stood at negative $37.01m in 6MFY25, compared to negative $17.67m in 6MFY24.

The Pharmaceutical & OTC Product sector was the second sector in line to record divestment through FDI of $11.18m, against an an inflow of $34.6m incurred in the SPLY.

Furthermore, the Transport sector also faced a divestment of $11m in 6MFY25, significantly down as in 6MFY24, the withdrawal stood at $11.96m.

It is crucial to mention that in December, FDI in the country clocked in at $169.78m.

On a cumulative basis, within 6MFY25, FDI has increased to $1.33bn as compared to Foreign investment of $1.11bn reported in the corresponding period last year.

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Posted on: 2025-01-17T12:59:47+05:00