Pakistan's power sector leads FDI outflow with $242.58m in January

News Image

MG News | February 20, 2024 at 11:00 AM GMT+05:00

0:00

February 20, 2024 (MLN): Pakistan’s Power Sector witnessed the highest net outflow through FDI worth $242.58 million in January 2024, followed by Telecommunications with divestment of $15.16m, as per the latest data released by the State Bank of Pakistan (SBP).

Meanwhile, the trade sector ranked first in terms of the highest inflow, witnessing an inflow of $25.1m in the review month.

In 7MFY24, the power sector recorded the highest inflow among all sectors as FDI in this sector stood at $190.96m, against the inflow of $544.1m recorded in 7MFY23.

The cumulative data further detailed that hydel Power projects under the Power Segment attracted the most investors’ attention as it received the highest net inflows of $275.4m during 7MFY24 compared to the net inflows of $210.3m in 7MFY23, up by 30.96% YoY.

This was followed by Oil & Gas exploration sector which attracted a net FDI of $134.64m during the review period as against $75.2m in the previous fiscal year, marking a rise of 79.11% YoY.

The third-highest net FDI receiver is the Financial Business sector with cumulative net inflows of $108.18m, showing a decline of 35.19% YoY as the sector observed $166.19m net foreign inflows in SPLY.

On the other hand, the communication sector witnessed the highest disinvestment of $94.97m in 7MFY24, against the negative FDI of $150.55m in 7MFY23, down by 36.92% YoY.

The Transport Equipment(Automobiles) sector was the second sector in line to record a negative FDI of $4.7m, against an inflow of $69.5m incurred in the SPLY. 

Furthermore, the Mining & Quarrying sector also faced an outflow of $1.94m in 7MFY24, significantly down as in 7MFY23, the divestment stood at $216.69m.

It is crucial to mention that in January, FDI in the country turned negative, reaching $173.2m, marking the highest divestment since October 2018.

On a cumulative basis, within 7MFY24, FDI has decreased to $689.5m as compared to Foreign investment of $876.8m reported in the corresponding period last year.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 156,177.82
367.85M
-0.00%
-3.12
ALLSHR 95,630.38
1,498.37M
-0.06%
-60.44
KSE30 47,678.47
206.79M
-0.08%
-35.92
KMI30 229,682.22
174.86M
-0.02%
-39.87
KMIALLSHR 64,366.76
638.47M
-0.08%
-53.31
BKTi 41,922.80
89.51M
-0.11%
-46.72
OGTi 31,735.79
16.87M
-0.80%
-255.97
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 116,765.00 117,295.00
116,115.00
940.00
0.81%
BRENT CRUDE 67.63 68.01
67.61
-0.32
-0.47%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-0.40
-0.47%
ROTTERDAM COAL MONTHLY 93.50 93.50
93.50
0.15
0.16%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 63.38 63.82
63.36
-0.67
-1.05%
SUGAR #11 WORLD 16.23 16.59
16.23
-0.33
-1.99%

Chart of the Day


Latest News
September 18, 2025 at 12:19 AM GMT+05:00

Pakistan, Saudi Arabia sign Strategic Mutual Defense Agreement


September 17, 2025 at 11:55 PM GMT+05:00

Fed delivers 25 basis-point rate cut


September 17, 2025 at 05:37 PM GMT+05:00

Auction Result: Govt raises Rs201bn through T-bills


September 17, 2025 at 04:59 PM GMT+05:00

Hala Enterprises to increase weaving capacity by 75%


September 17, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: Flatlined but Holding On



Top 5 things to watch in this week

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