Karachi June 18 2021: Foreign Direct Investment (FDI) during the month of May 2021 recorded flows of USD198mn against USD121mn in May'20 cumulating 11MFY21 flows to US$1,752mn down by 28% YoY.
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Trade sector fetched an amount of USD54.5 million taking the total foreign flows to USD159.6 million since July 2020 compared to USD43 million in the same period last year.
Power sector remained on the third spot with FDI of USD43.3 million taking total FDI since July 2020 to USD856.1 million constituting approximately 50 percent of total flows.
Norway invested highest flows of USD60.2 million during May 2021. On the contrary, Norway has divested an amount of USD6 million during this fiscal year so far against investment of USD346 million during the same period last year.
Netherland made FDI of USD53.3 million while China which usually stays at the top has invested USD19.9 million during the month of May 2021.
Increase in Foreign Direct Investment (FDI) of 63 percent to USD198 million and lower foreign outflows of USD5 million compared to USD56 million from portfolio investment during the month of May 2020.