FDI falls 5pc in July-May

By Staff Reporter

KARACHI: Foreign direct investment (FDI) dropped 5 percent to $1.597 billion in the eleven months of the current fiscal year, SBP data showed on Friday.
FDI during May saw a net inflow of $141 million, compared with an inflow of $199 million in the previous month, down 29 percent year-on-year and 17 percent month-on-month.
Investment into the power sector fell 34 percent to $567 million in July-May FY2022. The overall share of the power sector in FDI stood at 36 percent.
FDI in the financial business rose 67 percent to $3,473 million. Oil and gas exploration sector attracted $188 million in FDI in 11 months of FY2022, down 15 percent from a year earlier.
China remained the largest investor with a net FDI of $73 million during July-May FY2022 compared with $720 million in the same period last year. United States remained the second-largest investor with a net FDI of $241 million compared with $122 million a year ago.