ANL 14.60 Decreased By ▼ -0.15 (-1.02%)
ASC 13.93 Decreased By ▼ -0.07 (-0.5%)
ASL 15.15 Increased By ▲ 0.05 (0.33%)
BOP 8.50 Decreased By ▼ -0.10 (-1.16%)
BYCO 6.63 Decreased By ▼ -0.06 (-0.9%)
FCCL 19.10 Increased By ▲ 0.30 (1.6%)
FFBL 26.51 Increased By ▲ 0.01 (0.04%)
FFL 11.02 Decreased By ▼ -0.17 (-1.52%)
FNEL 10.70 Decreased By ▼ -0.19 (-1.74%)
GGGL 16.05 Increased By ▲ 0.35 (2.23%)
GGL 31.90 Decreased By ▼ -0.21 (-0.65%)
HUMNL 6.31 Decreased By ▼ -0.04 (-0.63%)
JSCL 17.29 Increased By ▲ 0.03 (0.17%)
KAPCO 33.39 Increased By ▲ 0.14 (0.42%)
KEL 3.32 Increased By ▲ 0.09 (2.79%)
MDTL 2.35 Increased By ▲ 0.08 (3.52%)
MLCF 37.47 Increased By ▲ 1.02 (2.8%)
NETSOL 104.00 Increased By ▲ 1.84 (1.8%)
PACE 4.87 Increased By ▲ 0.47 (10.68%)
PAEL 23.58 Increased By ▲ 0.03 (0.13%)
PIBTL 7.91 Increased By ▲ 0.21 (2.73%)
POWER 7.04 Increased By ▲ 0.28 (4.14%)
PRL 13.80 Decreased By ▼ -0.13 (-0.93%)
PTC 8.92 Decreased By ▼ -0.15 (-1.65%)
SILK 1.33 Decreased By ▼ -0.02 (-1.48%)
SNGP 42.26 Increased By ▲ 0.46 (1.1%)
TELE 17.06 Increased By ▲ 0.13 (0.77%)
TRG 89.01 Decreased By ▼ -1.50 (-1.66%)
UNITY 25.35 Increased By ▲ 0.05 (0.2%)
WTL 2.19 Increased By ▲ 0.04 (1.86%)
BR100 4,683 Increased By ▲ 18.51 (0.4%)
BR30 19,000 Increased By ▲ 325.91 (1.75%)
KSE100 45,368 Increased By ▲ 295.5 (0.66%)
KSE30 17,542 Increased By ▲ 112.19 (0.64%)

Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,737
924hr
Pakistan Cases
1,285,254
41424hr
0.98% positivity
Sindh
475,820
Punjab
443,185
Balochistan
33,484
Islamabad
107,722
KPK
180,075

KARACHI: Foreign Direct Investment (FDI) in the country fell by 4 percent during the first quarter of this fiscal year (FY22) due to sharp fall in Chinese investment.

The State Bank of Pakistan (SBP) reported Monday that Pakistan attracted FDI amounting to $439.1 million during July-Sept of FY22 compared to $457.6 million in the same month of the previous fiscal year (FY21), depicting a decline of $18.5 million. During the period under review, FDI inflows were $665.8 million against $226.7 million outflow.

Analysts said that FDI is not showing any improvement since the beginning of the new fiscal year due to massive fall in Chinese investment.

China was the largest investor for the last several years supported by massive investment in the CPEC-related projects, however, now it ranks second.

The detailed analysis revealed that the highest FDI was arrived from the United States. With a 400 percent increase, direct investment from the United States stood at $100 million during the first quarter of this fiscal year versus $19.7 million investment in the same period of last fiscal year.

FDI declines 20pc in two months

China's direct investment in Pakistan fell sharply, ie, by 50 percent during this fiscal year. China invested $77 million in the first quarter of this fiscal year versus $155 million in the corresponding period of last fiscal year.

The second component of foreign investment, ie, portfolio investment registered an outflow of $ 100.3 million during the period under review. Total foreign investment in Pakistan, comprising foreign direct investment, portfolio investment and foreign public investment rose sharply 323 percent during the first quarter of FY22.

Pakistan's total foreign investment rose to $1.318 billion in July-Sep of FY22 compared to some $311.6 million in the same period of FY21, showing an increase of $1.007 billion. Month-on-month basis, Pakistan received $236 million FDI during September 2021 compared to $203 million in September 2020, showing an increase of $33 million in a month.

Copyright Business Recorder, 2021

We love hearing your feedback, please help us improve by answering these few survey questions

Comments

Comments are closed.