FDI Increases By 88pc In August
Muhammad Irfan Published October 06, 2022 | 03:10 PM
ISLAMABAD, Oct 6 (UrduPoint / Pakistan Point News - 6th Oct, 2022 ) :The Foreign Direct Investment (FDI) into the country increased by 87.94 percent on month-on-month basis during August 2022 against the inflows of July 2022, according to report by finance ministry.
During the first two months of current fiscal year the inflows however witnessed declined of 26.1 percent when compared to the corresponding period of last year.
the sector-wise beak up shows that the power sector attracted the highest FDI of $ 80.4 million (47.4 percent of total FDI), Financial business $ 50.7 million (29.9 percent), and Communication $ 25.0 million (14.7 percent).
Meanwhile, the Foreign Private Portfolio Investment has registered a net outflow of $ 6.7 million during July-August FY2023.
Foreign Public Portfolio Investment recorded a net outflow of $ 18.4 million while the total foreign portfolio investment recorded an outflow of $ 25.1 million during July-August FY2023 as against an inflow of $ 961.6 million in the corresponding period last year.