AVN 67.75 Decreased By ▼ -0.73 (-1.07%)
BAFL 30.82 Decreased By ▼ -0.18 (-0.58%)
BOP 4.84 Decreased By ▼ -0.07 (-1.43%)
CNERGY 3.75 No Change ▼ 0.00 (0%)
DFML 14.05 Decreased By ▼ -0.18 (-1.26%)
DGKC 41.04 Decreased By ▼ -0.60 (-1.44%)
EPCL 47.21 Increased By ▲ 1.84 (4.06%)
FCCL 11.58 Decreased By ▼ -0.13 (-1.11%)
FFL 5.11 Increased By ▲ 0.01 (0.2%)
FLYNG 5.95 Increased By ▲ 0.10 (1.71%)
GGL 11.17 Increased By ▲ 0.76 (7.3%)
HUBC 67.68 Decreased By ▼ -0.82 (-1.2%)
HUMNL 5.71 Decreased By ▼ -0.04 (-0.7%)
KAPCO 28.03 Decreased By ▼ -0.19 (-0.67%)
KEL 2.28 Increased By ▲ 0.02 (0.88%)
LOTCHEM 26.25 Increased By ▲ 1.15 (4.58%)
MLCF 21.58 No Change ▼ 0.00 (0%)
NETSOL 86.53 Decreased By ▼ -1.82 (-2.06%)
OGDC 99.78 Increased By ▲ 0.48 (0.48%)
PAEL 11.08 Decreased By ▼ -0.03 (-0.27%)
PIBTL 4.23 No Change ▼ 0.00 (0%)
PPL 80.05 Decreased By ▼ -2.40 (-2.91%)
PRL 13.26 Decreased By ▼ -0.08 (-0.6%)
SILK 0.90 No Change ▼ 0.00 (0%)
SNGP 43.75 Decreased By ▼ -0.63 (-1.42%)
TELE 6.08 Decreased By ▼ -0.10 (-1.62%)
TPLP 15.88 Increased By ▲ 0.07 (0.44%)
TRG 121.33 Increased By ▲ 1.58 (1.32%)
UNITY 14.04 Decreased By ▼ -0.06 (-0.43%)
WTL 1.31 Increased By ▲ 0.05 (3.97%)
BR100 4,181 Increased By 9.7 (0.23%)
BR30 15,270 Increased By 16.5 (0.11%)
KSE100 41,723 Increased By 200.6 (0.48%)
KSE30 15,746 Increased By 83 (0.53%)
Follow us

KARACHI: Foreign Direct Investment (FDI) posted 12 percent growth during the first five months of this fiscal year (FY22).

The State Bank of Pakistan (SBP) reported Friday that Pakistan fetched FDI amounting to $797.7 million during July-Nov of FY22 compared to $710.3 million in the same month of the previous fiscal year (FY21), depicting an increase of $87.4 million. During the period under review, FDI inflows were $1.185 billion against $387.7 million outflow.

FDI wason decline since the beginning of this fiscal year and down 12 percent in the first four months (July-Oct) of this fiscal year. However, with healthy inflows from Netherland, the United State and UK, foreign direct investment is showing improvement, despite massive fall in Chinese investment. For the last few years, China was the leading and largest investor due to CPEC-related projects.

FDI declines 12pc in 4 months

Country wise data showed that Netherland is the largest investing country with an investment of $153 million, up 325 percent. Although, Chinese investment declined sharply 55 percent during first five months of current fiscal year, however still China is ranked second with $149 million foreign direct investment in Pakistan. Investors from the US and UK invested $190 and $66 million during July-Nov of FY22.

The second component of foreign investment, ie, portfolio investment remained negative with an outflow of $ 263.2 million during the first five months of the current fiscal year.

Total foreign investment in Pakistan, comprising foreign direct investment, portfolio investment and foreign public investment surged by 73 percent during the period under review.Pakistan’s total foreign investment rose to $455.5 million in July-Nov of FY22 compared to some $263.4 million in the same period of FY21, showing an increase of $192.1 million.

Month-on-month basis, Pakistan received $135.6 million FDI during November 2021 compared to $40.3 million outflow in November 2020, showing an increase of $95.3 million in a month.

It may be mentioned here that at present the country needs healthy foreign inflows to support the external account, which is under pressure due to rising trade deficit followed by higher import bill.

Copyright Business Recorder, 2021

Comments

Comments are closed.

Jul-Nov FDI grows 12pc YoY

Rupee up 1.08%, settles at 273.33 against US dollar

OGRA calls for action against hoarders of petrol, diesel in Punjab

KSE-100 increases 0.48% owing to hopes of breakthrough in talks with IMF

ECP should announce election schedule for KP, Punjab: President Alvi

More survivors found as Turkiye-Syria quake toll tops 11,200

Pak Suzuki announces plant shutdown yet again due to inventory shortage

MCB’s profit up 10% in 2022, forex income jumps 149%

PM Shehbaz forms committee to make Special Technology Zones Authority functional

Islamabad court approves Sheikh Rashid's transitory remand in Murree case

Pakistan navy to host 50 nations in maritime exercises from Feb 10