FPI fell by 45% in March

Islamabad: Foreign Private Investment fell by 45% year on year (YoY) basis to USS159mn during Mar 2021 primarily because of a decline in Foreign Direct Investment by 40% YoY to US$168mn despite receiving US$36mn from UAE in FPI.

Foreign Direct Investment (FDI) during the month recorded a net inflow of USS168mn against net inflows of US$279mn in Mar’20 curtailing 9MFY21 flows by 35% YoY to USS1.4bn.

https://newztodays.com/china-attracts-massive-foreign-investment/

Bifurcating numbers, highest flows of US$126mn witnessed from China during Mar’21 taking total net inflows to US$651mn during 9MFY21 against net inflow of US$859mn in 9MFY20. FDI stood at US$13.1mn, US$9.8mn, and US$6.5mn from UAE, United Kingdom, and Germany, respectively.

Netherland divested US$23.8mn during Mar’21 reducing net inflows to US$65.4mn during 9MFY21 against FDI of US$84.0mn in the same period last year.

Power witnessed FDI of USS138.9mn during Mar’21 taking total FDI to US$738mn in 9MFY21.

Financial Services, Oil and Exploration, and Electronics received US$13.7.mn, US$11.8mn and USS11.4mn respectively, while the transport sector recorded divestment of USS9.6mn during Mar’21.