ANL 24.19 Increased By ▲ 1.74 (7.75%)
ASC 15.20 Decreased By ▼ -0.76 (-4.76%)
ASL 22.00 Decreased By ▼ -0.40 (-1.79%)
BOP 8.42 Increased By ▲ 0.02 (0.24%)
BYCO 8.46 Decreased By ▼ -0.34 (-3.86%)
FCCL 17.40 Decreased By ▼ -0.51 (-2.85%)
FFBL 24.22 Decreased By ▼ -0.73 (-2.93%)
FFL 16.90 Decreased By ▼ -0.42 (-2.42%)
FNEL 8.15 Decreased By ▼ -0.08 (-0.97%)
GGGL 20.69 Decreased By ▼ -0.74 (-3.45%)
GGL 41.53 Increased By ▲ 0.33 (0.8%)
HUMNL 6.55 Decreased By ▼ -0.50 (-7.09%)
JSCL 20.13 Decreased By ▼ -0.22 (-1.08%)
KAPCO 37.50 Decreased By ▼ -0.46 (-1.21%)
KEL 3.51 Decreased By ▼ -0.04 (-1.13%)
MDTL 2.95 Decreased By ▼ -0.04 (-1.34%)
MLCF 35.05 Decreased By ▼ -1.62 (-4.42%)
NETSOL 144.85 Decreased By ▼ -6.55 (-4.33%)
PACE 5.97 Increased By ▲ 0.12 (2.05%)
PAEL 30.09 Decreased By ▼ -1.01 (-3.25%)
PIBTL 9.17 Decreased By ▼ -0.14 (-1.5%)
POWER 7.60 Decreased By ▼ -0.31 (-3.92%)
PRL 19.25 Decreased By ▼ -1.00 (-4.94%)
PTC 10.12 Decreased By ▼ -0.22 (-2.13%)
SILK 1.62 Decreased By ▼ -0.09 (-5.26%)
SNGP 43.50 Decreased By ▼ -1.17 (-2.62%)
TELE 22.00 Decreased By ▼ -0.20 (-0.9%)
TRG 170.50 Decreased By ▼ -4.10 (-2.35%)
UNITY 33.94 Decreased By ▼ -1.66 (-4.66%)
WTL 3.09 Decreased By ▼ -0.09 (-2.83%)
BR100 4,858 Decreased By ▼ -102.6 (-2.07%)
BR30 23,865 Decreased By ▼ -557.81 (-2.28%)
KSE100 46,009 Decreased By ▼ -519.36 (-1.12%)
KSE30 18,179 Decreased By ▼ -243.05 (-1.32%)

Coronavirus
HIGH Source: covid.gov.pk
Pakistan Deaths
27,327
8124hr
Pakistan Cases
1,227,905
1,89724hr
4.1% positivity
Sindh
451,448
Punjab
423,670
Balochistan
32,772
Islamabad
104,348
KPK
171,589
Business & Finance

FDI plunges 28% year-on-year in 11MFY21

  • Clocks in at $1.75 billion compared with $2.42 billion in 11MFY20
  • However, FDI's figure for May 2021 increased 63% year-on-year
18 Jun 2021

(Karachi) Foreign Direct Investment (FDI) fell sharply by 27.7% during the first 11 months of the outgoing fiscal year (FY21) compared to the same period last fiscal year, reported the State Bank of Pakistan (SBP) on Friday.

The latest data released by the State Bank shows FDI plunged by $671 million to stand at $1.75 billion during July-May FY21, compared to $2.42 billion in the corresponding period of the previous fiscal year. During the period under review, FDI inflows amounted to $2.768 billion as against an outflow of $1.017 billion .

However, on a monthly basis, FDI increased 63%, clocking in at $198.3 million in May 2021, compared to $121.4 recorded in May 2020.

Total foreign investment in Pakistan, including foreign direct investment, portfolio investment and foreign public investment, during Jul-May FY21 stood at $3.92 billion, an increase of 107.1% as compared to $1.89 billion in the same period last fiscal year.

The boost in foreign investment comes on the back of a rise in foreign public investment.

According to the SBP, the government sold Sukuk and Eurobonds globally this financial year, with $2.45 billion inflows coming in portfolio investment during July-May FY21.

Meanwhile, country-wise figures show China remained at the top among the list of investors. Net inflow of FDI from China was $728.2 million during the first eleven months of this fiscal year as against $843.1 million in the same period last year.

Major investment was directed into the power sector that attracted $856.1 million followed by financial business sector ($226.7 million), and oil & gas exploration sector ($206.2 million).

Comments

Comments are closed.