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Power Sector fetches highest FDI in July’21

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August 23, 2021 (MLN): Pakistan’s Power Sector has fetched the highest net FDI worth $41.9 million in July’21, followed by the Financial Business and Oil & Gas Exploration sector with net FDI of $27mn and $22.4mn respectively.

According to the latest data released by the State Bank of Pakistan (SBP) on total Foreign Investment received by sectors, Coal Power projects under Power Segment attracted most of the investors’ attention as it received the highest net inflows of $18.5mn during July’21. This was followed by Thermal Power projects Hydel which attracted a net FDI of $15.1mn during the period mentioned above as against $14.5mn in the corresponding period of last year.

The detailed analysis revealed that the second sector with higher net inflows in Pakistan is Financial Business. During July’21, the sector fetched a net $27mn, which was 21% higher when compared with the net investment of $22.3mn in the same period of FY21.

The third-highest net FDI receiver is the Oil & Gas Exploration sector with net inflows of $22.4mn during the period under review, showing an increase of 40% YoY as the sector observed $16mn net foreign inflows in July’20.

The next in line is the Communications sector which fetched a net of $11.7mn, compared with the net investment of $8.3mn net in July’21, showing an increase of 41% YoY.

Other sectors such as Rubber & Rubber Products, Food and Beverages also managed to fetch some investments worth $2.7mn, $2.4mn, and $2.1mn respectively during July’21.

Moreover, the other sectors that saw notable foreign disinvestment during the period include; Transport (-$6.2mn), Petroleum Refining (-$5.3mn), and Construction (-$4.9mn).

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Posted on: 2021-08-23T13:10:00+05:00

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