Karachi: The State Bank of Pakistan (SBP) on Thursday (February 17) reported an 11% increase in Foreign Direct Investment (FDI) in the first seven months of the fiscal year 2021-22 (FY 2021-22), news sources reported. The total inflow reached USD 1.166 billion from July-Jan 2022.
Reportedly, the central bank also revealed that the amount of FDI in January 2022 has decreased by 50% as compared to January 2021, from USD 218.7 million to USD 110 million. Moreover, the investment saw a plunge of 35% year-on-year in January this year. On the other hand, foreign investment increased by 20% in the first half of FY-22. In December 2021, FDI inflows totalled USD 218.7 million, up from USD 169.4 million in December 2020. The country-wise breakdown of the inflow is as follows:
The largest FDI inflow was from China totaling to USD 306.4 million. However, the FDI inflows totaled USD 432.6 million during the same period in FY21
Pakistan got USD 123.6 million from Hong Kong, up from USD 103.8 million the previous year
Inflows from the United States increased to USD 168.9 million, up from USD 77.9 million in the same time last year
Malaysian and Singaporean investments increased to USD 60.9 million and USD 70.6 million, respectively, up from USD 18 million and USD 10 illionm last year
Inflow from the Netherlands reached to USD 82.3 million
FDI from Switzerland reached USD 68 million
Inflows from the United Kingdom plummeted to USD 40 million down from USD 83 million in the same period last year
Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.
