FDI inflow registers sharp growth of 137pc in July-March

FDI inflow registers sharp growth of 137pc in July-March

KARACHI: The inflow of Foreign Direct Investment (FDI) into Pakistan has witnessed sharp growth of 137 percent during first nine months (July – March) 2019-2020, State Bank of Pakistan (SBP) said on Tuesday.

The FDI increased to $2.15 billion during first nine months of current fiscal year as compared with $905 million in the corresponding period of the last fiscal year.

The inflows under this head increased to $2.69 billion during the period under review as compared with $2.14 billion in the corresponding period of the last fiscal year, showing 25.6 percent growth. The outflows, however, fell by 56 percent to $548 million during first nine months of current fiscal year as compared with $1.24 billion in the same period of the last fiscal year.

Portfolio investment in equity market increased by 75 percent as outflow reduced to $103.6 million during July –March 2019/2020 as compared with outflow of $409 million in the corresponding period of the last fiscal year.

Therefore, the foreign private investment increased by 312 percent to $2.044 billion in first nine months of current fiscal year as compared with $495.6 million in the same period of the last fiscal year.

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