FDI falls by 24 percent in July – September

KARACHI: The flow of foreign direct investment (FDI) into the country has declined by 24 percent to $416 million during first quarter (July – September) of current fiscal year, State Bank of Pakistan (SBP) said on Friday.

The FDI was $545 million in the same quarter of the last fiscal year.

The inflow under this head fell by 17.5 percent to $621 million during first quarter of the current fiscal year as compared with $753 million in the same quarter of the last fiscal year.

Similarly, the outflows of FDI recorded $205 million during July – September of 2020/2021 million as compared with $207 million in the same period of the last fiscal year.

The inflows in the stock market witnessed sharp decline during the period. The portfolio investment witnessed 578 percent decline when compared with outflow of $108.5 million during the first quarter of the current fiscal year as compared with inflows of $22.7 million in the same period of the last fiscal year.

The net inflows of foreign private investment fell by 46 percent to $307 million during July – September 2020/2021 as compared with $586 million in the same period of the last fiscal year.

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