KARACHI: The net foreign direct investment (FDI) into different sectors like power, communications and oil and gas exploration dropped 24 per cent to $223 million in October 2021.
According to the data compiled by the State Bank of Pakistan (SBP), FDI declined by 11.8pc YoY to $662.1 million during 4MFY22, i.e., July to October, as compared to FDI of $750.6m reported in the corresponding period last year.
During the month of October, the foreign private investment into the country amounted to $145m, out of which $223m was attributed to direct investments, whereas disinvestment of $78m was attributed to equity securities i.e., a part of portfolio investments.
Within the direct investments, there was an inflow of $299.6m and an outflow of $76.6m during the month.
Under the foreign public investment, $1bn worth of disinvestment was witnessed in debt securities during October’21 against the outflow of $243.7m in Oct’20 and inflows of $3.3m recorded in Sep’21.
All in all, the country witnessed doreign divestments of $894.9m in Pakistan during the month when compared to net inflows of $12.3m in Oct’20 and $153.8m in September.
