Foreign direct investment surges by 40 percent in two months

Foreign direct investment surges by 40 percent in two months

KARACHI: The net inflow of foreign direct investment (FDI) has surged by 40 percent during the first two months of the current fiscal year, according to data released by State Bank of Pakistan (SBP) on Friday.

The net FDI grew to $227 million during July – August 2020 as compared with $162 million in the corresponding period of the last fiscal year.

The inflows under the FDI registered growth of 12 percent to $352 million during the period under review as compared with $314.5 million in the same period of the last fiscal year. On the other hand, the outflows fell by 18 percent to $125.5 million during the first two months of the current fiscal year as compared with the outflow of $152.5 in the corresponding period of the last fiscal year.

The portfolio investment in the capital market witnessed a decline of 310 percent to outflow of $76.3 million during the first two months of the current fiscal year as compared with inflow of $36.3 million in the same period of the last fiscal year.

The total foreign private investment fell by 24.2 percent to $150.4 million during July – August 2020 as compared with $198.3 million in the same period of the last fiscal year.

Leave a Reply

You have to agree to the comment policy.