Pakistan's Mining & Quarrying sector attracts highest net FDI of 64.73m in November

December 17, 2024 (MLN): Pakistan’s Mining & Quarrying Sector witnessed the highest net Foreign Direct Investment (FDI) worth $64.73 million in November 2024, as per the latest data released by the State Bank of Pakistan (SBP).

The second and third highest rank was held by the Financial Business and Power sector as they experienced a net inflow of $59.79m and $40m respectively from foreign investors in the review month.

On the other hand, the sector that witnessed the biggest net outflow was the Communications sector as foreign investors withdrew an amount of $23.71m.

In the ongoing fiscal period (5MFY25), the Power sector has ranked first in terms of highest net FDI of $454.49m, compared to an inflow of $301.32m recorded in 5MFY24.

This was followed by the Financial Business sector which attracted a net FDI of $249.41m during the review period as against $246.54m in the previous fiscal year.

The third-highest net FDI receiver was Oil & Gas Explorations sector with cumulative net inflows of $124.62m, showing a rise of 23.82% YoY as the sector observed $100.64m 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 $47.37m in 5MFY25, compared to negative $19.27m in 5MFY24.

The Transport Equipment(Automobiles) sector was the second sector in line to record divestment through FDI of $9.36m, against an an outflow of $9.93m incurred in the SPLY.

Furthermore, the Pharmaceuticals & OTC Products sector also faced a divestment of $7.53m in 5MFY25, significantly down as in 5MFY24, the FDI stood at $31.7m.

It is crucial to mention that in November, FDI in the country clocked in at $219.23m.

On a cumulative basis, within 5MFY25, FDI has decreased to $1.12bn as compared to Foreign investment of $855.96m reported in the corresponding period last year.

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