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Power sector fetches highest FDI of $138.9mn in March

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April 20, 2021 (MLN): Pakistan’s Power Sector has received the highest net FDI worth $138.9million in March’21, followed by the Financial Businesses and Oil & Gas Exploration sector with net FDI of $13.7mn and $11.8mn, respectively.

Cumulatively, during 9MFY21, the Power sector remained the major recipient of the foreign inflows, as it fetched a net $737.8mn, showing a decline of 1% YoY when compared to the net inflows of $742.4mn in the corresponding period of FY20.

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 the most of investors’ attention as it received the highest net inflows of $456.3mn during 9MFY21 compared to the net inflows of $546mn in Jul-March FY20, down by 17% YoY. This was followed by Thermal Power Projects which attracted a net FDI of $144.8mn during the period mentioned above as against $79.6mn 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-MarchFY21, the sector fetched a net of $192mn, which was 9% lower when compared with the net investment of $210.5mn in the same period of FY20.

The third-highest net FDI receiver is the Oil &Gas Exploration sector with net inflows of $158.3mn during the period under review, showing a notable decline of 27% YoY as the sector observed $218.3mn net foreign inflows in July-March FY20.

The next in line is the Trade sector which fetched a net of $108mn, compared with the net investment of $38.3mn net in 9MFY20, depicting a whopping increase of 182% YoY.

Furthermore, the Electrical Machinery sector received net inflows of $104.9mn against $143.4mn reported in the same period of last year.

Other sectors such as Electronics, Construction, and Automobiles also managed to fetch decent investments worth $26.7mn, $22.4mn, and $19.7mn million respectively during Jul-March FY21.

On the other hand, the Communication sector which attracted a net FDI of $490mn during 9MFY20 witnessed net disinvestment of $12.4mn in 9MFY21 as the Telecommunication sector under the Communication head witnessed a net outflow of $62.6mn foreign direct investment in the 9M of this fiscal year, compared to the inflows of $464.8mn during Jul-March FY20.

Moreover, the other sectors that saw notable foreign disinvestment during the period include Transport (-$42.6mn), Petroleum Refining (-$38.1mn), and Mining & Quarrying (-$17.6mn).

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Posted on: 2021-04-20T11:51:00+05:00

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