KARACHI: The inflow of foreign direct investment (FDI) into Pakistan has plunged by 44 per cent during first seven months (July – January) of fiscal year 2022-2023, according to data released by central bank on Tuesday.
The data issued by the State Bank of Pakistan (SBP) revealed that FDI dropped to $683.5 million during first seven months of the current fiscal year as compared with $1.22 billion in the corresponding months of the last fiscal year.
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Portfolio investment in equity securities, however, recorded massive fall of 95.5 per cent in outflows during the period under review.
The outflow in portfolio investment was $14 million during July – January 2022-2023 as compared with outflow of $307.6 million in the same period of the last fiscal year.
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Total foreign private investment recorded a decline of 27 per cent to $669.5 million during the first seven months of the current fiscal year as compared with $917 million in the same period of the last fiscal year.
Meanwhile, foreign public investment recorded massive decline of 205 per cent during the period under review.
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The foreign public investment recorded an outflow of $1.01 billion during first seven months of the current fiscal year as compared with inflows of $958 billion in the same months of the last fiscal year.
The net foreign investment into the country plunged by 118 per cent to outflow of $341 million during July – January 2022-2023 when compared with inflow of $1.87 billion in the same period of the last fiscal year.
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