KARACHI: The inflow of foreign investment into Pakistan has dropped by 72 percent during first half (July – December) of fiscal year 2020/2021 due to outflows from debt securities and equity market.
The total foreign investment fell to $514.5 million during first half of the current fiscal year as compared with $1.83 billion in the corresponding half of the last fiscal year, State Bank of Pakistan (SBP) said on Monday.
Foreign private investment – the major component of total foreign investment into the country – fell by 48.5 percent during the first half of the current fiscal year. The foreign private investment declined to $708 million during July – December 2020/2021 as compared with $1.37 billion in the corresponding period of the last fiscal year.
The total foreign direct investment (FDI) fell by 30 percent to $953 million during the half under review as compared with $1.35 billion in the corresponding half of the last fiscal year.
The investment in capital market witnessed outflow of $244 million during the first half of the current fiscal year as compared with inflow of $18.8 million in the same half of the last fiscal year.
The investment in debt securities also witnessed outflow of $194 million during July – December 2020/2021 as compared with inflow of $452 million during the same period of the last fiscal year.
