Power sector sees highest amount of FDI’s in August

WEB DESK: Pakistan’s power sector saw the highest amount of Foreign Direct Investment (FDI) last month, totalling $148.02 million.

The electronics sector came in second with $21.64 million, and financial businesses took third place with $19.02 million in net inflows from foreign investors.

According to the State Bank of Pakistan (SBP), the mining and quarrying sector had the biggest outflow, as foreign investors withdrew $22.59 million.

According to Mettis Global, in the first two months of the current fiscal year (2MFY25), the power sector remained the top receiver of FDI, bringing in $210.18 million, compared to $107.93 million during the same period last year.

The oil and gas exploration sector came second with $44.2 million in net FDI, up from $32.96 million in the previous fiscal year. The financial business sector was third, with net inflows totalling $39.43 million, a 48.24% increase compared to $26.6 million last year.

On the other hand, the mining and quarrying sector saw the highest losses, with an FDI outflow of $24.67 million during 2MFY25, compared to $7.18 million in the same period last year.

The transport equipment sector (mainly automobiles) was next, losing $19.08 million in FDI, though this was less than the $36.22 million outflow recorded last year. The transport sector also faced an FDI divestment of $3.36 million, a big drop from the $1.03 million outflow seen in the previous fiscal year.

In August, FDI in Pakistan reached $213.96 million. Overall, in the first two months of FY25, FDI increased to $350.26 million, compared to $225.2 million during the same period last year.

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