February 19, 2024 (MLN): Pakistan recorded a Foreign direct disinvestment of $173.2 million in January compared to a direct investment of $211.1m observed in December 2023, the latest data issued by the State Bank of Pakistan (SBP) showed.
It is worth highlighting here that this marks the highest negative FDI for the country since October 2018.
Comparison on a year-on-year basis shows that the country reported a FDI of $236.7m in the Same Period Last Year (SPLY).
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On a cumulative basis, within 7MFY24, FDI has decreased to $689.5m as compared to Foreign investment of $876.8m reported in the corresponding period last year.
The calculation for FDI shows that inflow was reported at $184.7m, down by 33.63% YoY, while the outflow stood at $357.9m, massively up compared to SPLY.
Analyzing further, the portfolio investment witnessed an outflow of $33.8m through equity securities, as compared to an outflow of $1.1m in January 2023.
The Foreign Private divestment, which includes both direct investments and portfolio investments amounted to $207m in January 2024, compared to an inflow of $235.7m in January 2023.
Meanwhile, Foreign public investment stood at $59.3m during the review month. In the same month last year, the country recorded an inflow of $8.9m.
Accordingly, the total foreign divestment in the review month clocked in at $147.7m, compared to an investment of $244.5m in the SPLY.
Copyright Mettis Link News
Posted on:2024-02-19T17:04:20+05:00
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