Foreign direct investment declines by 59 percent in July

KARACHI: The net inflow of foreign direct investment (FDI) has declined by 59 percent in the month of July 2019, according to data released by State Bank of Pakistan (SBP) on Thursday.

The FDI declined to $73 million in July 2019 as compared with $178.9 million in the same month of the last year.

The inflows under FDI declined to $168.4 million in the first month of current fiscal year as compared with $264.6 million in the corresponding month of the last fiscal year. The outflows were at $95 million as compared with $85.6 million.

The total foreign private investment witnessed decline of 21.6 percent to $107.2 million during the month under review as compared with $136.8 million in July 2018.

The inflow of portfolio investment in capital market increased by 180 percent to $34 million in July 2019 as compared with outflow of $42 million in the same month of the last year.

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