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Power sector attracts $856mn worth of FDI in 11MFY21

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June 18, 2021 (MLN): Pakistan’s Power Sector has received the highest net FDI worth $856.1 million, up by 16% YoY during Jul-May FY21, followed by the Financial Businesses and Oil & Gas Exploration sector with net FDI of $226.7mn and $206.2mn, respectively.

However, in the month of May alone, the Communication sector emerged as a major recipient of the foreign inflows, as it fetched a net $73.8mn, followed by the Trade and Power sector with net FDI of $54.5mn and $43.3mn, respectively.

According to the cumulative data released by the State Bank of Pakistan (SBP) on total Foreign Investment received by sectors, Coal Power projects under Power Segment attracted the most of investors’ attention as it received the highest net inflows of $493.3mn during 11MFY21 compared to the net inflows of $554.9mn in Jul-May FY20, down by 9% YoY. This was followed by Thermal Power Projects which attracted a net FDI of $175.9mn during the period mentioned above as against $64.4mn in the corresponding period of last year.

The detailed analysis revealed that the second sector with higher net flows in Pakistan is Financial Businesses. During July-May FY21, the sector fetched 12% lower investment when compared with the net investment of $257.8mn in the same period of FY20.

The third-highest net FDI receiver is the Oil &Gas Exploration sector with net inflows of $2.6.2mn during the period under review, showing a notable decline of 25% YoY as the sector observed $275.9mn net foreign inflows in July-May FY20.

The next in line is the Trade sector which fetched a net of $159.6mn, compared with the net investment of $43mn net in 11MFY20, depicting a whopping increase of 271% YoY.

Furthermore, the Electrical Machinery sector received net inflows of $111.6mn against $153.4mn reported in the same period of last year.

Other sectors such as Communication, Electronics, and Construction, also managed to fetch decent investments worth $93mn, $3.5mn, and $25.5mn million respectively during July-May FY21.

Moreover, the other sectors that saw notable foreign disinvestment during the period include Transport (-$54.4mn), Petroleum Refining (-$48.6mn), and Mining & Quarrying (-$21.1mn).

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Posted on: 2021-06-18T17:57:00+05:00

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