Analysts say Pakistan witnessed net outflow last month after November 2020.
FDI slows down in first nine months (Jul-Mar) of ongoing fiscal year 2021-22.
Fall comes on back of a decline in inflows from China, withdrawal by MNCs.
KARACHI: Foreign direct investment (FDI) into Pakistan saw a net outflow of $30.4 million in March, compared to an inflow of $173.4 million in the same month last year as multinational companies (MNCs) pulled out some of the investment, The News reported, citing State Bank of Pakistan (SBP) data.
According to analysts, the country witnessed net outflow after November 2020.
Meanwhile, the FDI slowed down in the first nine months of the ongoing fiscal year 2021-22 due to a decline in inflows from China, while MNCs also invested less in some businesses.
According to data released by the central bank, the country attracted $1.285 billion in FDI between July 2021 and March 2022, down 2% compared to the same period a year ago.
Read more: Trade gap in Pakistan widens 12% to $3.64b in March
Though the size of the Chinese inflows is on the decline, it remained the largest investor with net FDI of $334 million in July-March FY22. These inflows stood at $642 billion in the corresponding period of last year.
The United States ranked the second largest investor with net FDI of $183 million. The US firms had invested $97 million in July-March FY21.
The power sector, which has had the dominant share in net FDI over past few years, started falling. The investment...
Read Full Story: https://www.geo.tv/latest/412531-foreign-direct-investment-pakistan-sees-outflow-of-304m-in-march
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