Karachi, November 18, 2021 (PPI-OT): 4MFY22 net FDIs decline by 12% YoY

Net Foreign Direct Investment (FDI) during Oct-2021 declined by 24% to US$223mn from the US$293mn received in the same period last year. However, on a sequential MoM basis, net flows declined by 6% from the preceding month.

Cumulatively during 4MFY22, net FDI has declined by 12% to US$662mn from the US$751mn received during 4MFY21.

During the fiscal year so far, nearly 70% of the total net FDI was limited to just four sectors; Power (US$174mn), Financial Business (US$114mn), Communications (US$94mn) and Oil and Gas Exploration (US$82mn).

The same sectors attracted about 87% of the total net FDI during 4MFY21, as a sharp decline of 63% YoY has been witnessed in net FDIs in the Power sector during the period under review.

From a country specific viewpoint, Netherlands (US$161mn) beat China (US$116mn) to become the largest contributor to Pakistan’s net FDIs during 4MFY22, followed by USA (US$114mn), UAE (US$60mn) and UK (US$57mn). Cumulatively these countries have contributed to nearly 77% of the total net FDI during the period.