Foreign direct investment declines by 28.9% in 2020/2021

Foreign direct investment declines by 28.9% in 2020/2021

KARACHI: The foreign direct investment (FDI) into Pakistan has declined by 28.9 percent during fiscal year 2020/2021, the State Bank of Pakistan (SBP) said on Friday.

Inflow of FDI recorded at $2.059 billion during fiscal year 2020/2021. It was $2.316 billion in previous fiscal year.

Total foreign private investment declined by 11.1 percent to $2.058 billion during 2020/2021. It was $2.315 billion in previous fiscal year.

Inflow of portfolio investment in capital market increased to $211.5 million during fiscal year 2020/2021. It was an outflow of $281.7 million in preceding fiscal year.

However, the total inflows of foreign investment into Pakistan have registered 122.4 per cent increase during fiscal year 2020/2021.

The total inflows of foreign investment increased to $4.614 billion during fiscal year 2020/2021 as compared with $2.074 billion in the preceding fiscal year.

The foreign public investment registered a phenomenal increase to inflows of $2.555 billion during fiscal year under review as compared with an outflow of $241.3 million in the preceding fiscal year.

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