Pakistan reported a drop of 27 percent in the flow of foreign direct investment to the country in the last seven months in comparison to the same period in the previous year, reported Dawn
Pakistan reported a drop of 27 percent in the flow of foreign direct investment to the country in the last seven months in comparison to the same period in the previous year, reported Dawn.
Around $1.145 billion came as FDI between July-January in the financial year 2021; the amount was $1.577 during the same period last fiscal year. In January alone this year, the inflow was $192.7 million compared to $219 million in January 20, a 12 percent decline was recorded.
The report by the State Bank of Pakistan noted the drop mainly due to the decrease of FDI flow from China, and outflow to Norway. Norway is home to many overseas Pakistanis. This year in the first seven months, just $402 million net investment came from China; the figure was $502.6 million in the previous year.
Netherland, Hong Kong, UK, and the US also contributed significant sums.
The country’s power sector saw the highest investment around $475.8 million against $373 million in the same period of last financial year; 27,6 percent increase.
The financial sector performed better, receiving $181.3 million against $178.9 million in the same period of last fiscal year. The FDI in the power and electric sectors saw a decline, while the remittances recorded a 24 percent jump in this period.