FDI in Pakistan slumps 62% to $95 million in October. Net foreign direct investment (FDI) in Pakistan slumped 62% to $95 million in October 2022, compared to $247.3 million recorded in the same month last year, the central bank numbers showed on Monday.<\/p>\n
The net FDI was up 13% vis-a-vis $84 million recorded in September 2022.<\/p>\n
Moreover, during 4MFY23, net FDI dropped 52% year-on-year (YoY) to $348 million. That compared to $726 million in July-October FY2022.<\/p>\n
During July-October FY23, FDI inflows were $514.5 million against the outflow of $166.2 million.<\/p>\n
A breakdown shows that overall investment from China, the largest investor, fell 27% in the first four months of FY2023. China contributed 14.5% to the total share with a net FDI of $74.8 million as compared to $102 million invested in the same period last year.<\/p>\n
The UAE was the second-largest investor with a 13% share. Its investment in Pakistan jumped 27.7% to $69 million against $54 million in the same period last year.<\/p>\n
In the July-October period, the energy sector drew the major share of investment of around 30% or $155.5 million followed by the financial business sector with $97.5 million, and oil and gas exploration attracting $18.5 million.<\/p>\n
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