Pakistan's power sector attracts highest net FDI of $62.2m in July

MG News | August 19, 2024 at 12:44 PM GMT+05:00

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August 19, 2024 (MLN): Pakistan’s Power Sector witnessed the highest net Foreign Direct Investment (FDI) worth $62.16 million in July 2024, as per the latest data released by the State Bank of Pakistan (SBP).

The second and third highest rank was held by the Oil & Gas Explorations and Financial Business sector as they experienced a net inflow of $29.85m and $20.41m 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 $9.66m.

This was followed by the Mining & Quarrying and Transport sectors, where foreign divestments amounted to $2.08m and $1.36m, respectively, during the review month.

It is crucial to mention that in July, FDI in the country clocked in at $136.29m.

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