Home Economy Pakistan receives Foreign Direct Investment of $193 million in December 2020

Economy

Pakistan receives Foreign Direct Investment of $193 million in December 2020

January 19, 2021

483

Pakistan witnessed $ 193.6 million in foreign direct investment in December 2020 as compared to $ 16 million net divestment in November 2020.

According to data compiled by the State Bank of Pakistan, FDI declined 29.8% year-on-year to $952.6 million in the first half of the fiscal year 2021 compared to FDI of $ 1.35 billion recorded in the corresponding period last year.

During December, private foreign investment in the country amounted to $ 134.8 million, of which Gross $193.6 million was associated with direct investment, and the withdrawal of investments in the amount of $ 58.9 million was in securities, that is, part of portfolio investments.

Direct investments during the month had an inflow of $ 246.7 million and an outflow of $ 53.1 million.

As part of public foreign investment, $ 67.7 million was invested in debt securities in December 2020, representing more than threefold growth from a net inflow of $ 19.6 million in November 2020.

Overall, foreign investment in Pakistan totalled $ 202.4 million during the month, compared with a net outflow of $ 36.2 million recorded in November 2020