Foreign Direct Investment Declines during 10MFY22

Foreign Direct Investment (FDI) into Pakistan dropped by 1.6 percent during the first ten months (July-April) of the current fiscal year. The country attracted FDI of $1.456 billion between July 2021 and April 2022, SBP said.

In April 2022, the FDI saw a net inflow of $171 million contrasted with a net inflow of $169 million during that very month of the last year.

Notwithstanding an enormous decay of very nearly 50%, China stayed the biggest financial backer with a net FDI of $356 million during 10MFY22 contrasted and $700 million during a similar period last year.

With a 97 percent increment, the United States stayed the second-biggest financial backer with a net FDI of $223 million during 10MFY22 contrasted and $113 million during a similar period last year.

During the said period, the significant speculation was filled the power area ($528 million) trailed by the monetary business area ($347 million), Communications ($198 million), and Oil and Gas Exploration ($185 million).

Debt securities recorded an inflow of $473 million during the period of July to April, while equity securities recorded a net outflow of $358 million.