The net FDI also dropped 52pc year-on-year to $348 million


Karachi: Net foreign direct investment (FDI) in Pakistan plunged 62 per cent to $95 million in October 2022, compared to $247.3 million recorded in the same month last year, the State Bank of Pakistan (SBP) statistics showed on Monday.
The net FDI was up 13% vis-a-vis $84 million recorded in September 2022.
Moreover, during 4MFY23, net FDI dropped 52% year-on-year (YoY) to $348 million as compared to $726 million in July-October FY2022.
During July-October FY23, FDI inflows were $514.5 million against the outflow of $166.2 million.
Overall investment from China 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.
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.
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.
FDI remained sluggish amid inflows worth $1.5 billion from the Asian Development Bank and a World Bank announcement of $1.3 billion in financial support.

The Supreme Court’s disastrous new abortion decision, explained
- 6 گھنٹے قبل

Monsoon rains kill 11, several houses damaged in KP
- ایک گھنٹہ قبل

Mohsin Naqvi surprisingly visits NADRA Mega Center, people satisfied
- 15 منٹ قبل

Najam-ul-Hasan steps down as Bangladesh Test captain
- 30 منٹ قبل

Trump hopes for Gaza ceasefire by next week
- 5 گھنٹے قبل

Should small towns still have volunteer EMS?
- 6 گھنٹے قبل

Body of another tourist drowned in Swat River recovered, death toll rises to 10
- ایک گھنٹہ قبل

8 killed as boat of birthday celebrators capsizes in lake
- 2 گھنٹے قبل

Indian actress Shefali passes away
- 5 گھنٹے قبل

Pakistani passport's global ranking improves
- 18 منٹ قبل

Commissioning parade of Pakistan Navy, Field Marshal Asim Munir participates
- 4 گھنٹے قبل

Firing at residence of YouTuber Rajab Butt
- 3 گھنٹے قبل