Foreign direct investment plunges by 12.3pc in July-November
Pakistan recorded a total foreign investment up to $798 million in July-November during the FY22
KARACHI: The inflow of foreign direct investment (FDI) has plunged by 12.3 per cent in the first five months of this fiscal year 2021-22, according to data revealed by the State Bank of Pakistan (SBP).
The central bank reported that Pakistan recorded a total foreign investment of up to $798 million in July-November this year, witnessing a rise of 12.3 per cent during the FY22.
The statistics stated that the FDI alone in November 2021 was $136 million as compared to the outflow of $40 million in November 2020. The monthly data, however, stated a 39 per cent drop in FDI from $223 million in October 2021 to $136 million in November 2021.
Overall FDI inflows during the first five months were increased by 73 per cent from $1,185.4 million against $387.7 million outflows.
Moreover, a downward trend has been recorded in the portfolio investment following the outflow of $236 million in the same period.
Comprising of FDI, portfolio investment and foreign public investment, the total foreign investment stood at $456 million with an increase of $192 million during the period under review as compared to the first five months of the previous fiscal year.
