January 17, 2024 (MLN): Foreign direct investment (FDI) in Pakistan surged by 60.7% MoM in December 2023 to clock in at $211.11 million compared to FDI $131.37m recorded in November 2023, the latest data issued by the State Bank of Pakistan (SBP) showed.
Comparison on a year-on-year basis shows that the country reported an FDI of $33.1m in the Same Period Last Year (SPLY).
On a cumulative basis, within 1HFY24, FDI has spiked to $862.6m as compared to foreign investment of $640.8m reported in the corresponding period last year.
Within the direct investments in the review month, there was an inflow of $260.6m, down by 10.14% YoY, while the outflow dropped to $49.5m, down by over 80.73% YoY.
With respect to the portfolio investment under FDI, an inflow of $32.3m was witnessed through equity securities, as compared to an inflow of $0.74m
The foreign private investment into the country amounted to $158.91m in December 2023, which jumped by 34.93% YoY compared to a meager outflow of $0.2m in December 2022.
Meanwhile, foreign public divestment stood at a marginal $0.1m during the review month.
Accordingly, the total foreign investment in the review month clocked in at $243.3m, compared to a divestment of $968.8m in December 2022.
Copyright Mettis Link News
Posted on:2024-01-17T11:39:35+05:00
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