KARACHI: The total inflow of foreign private investment increased by 51 percent growth during first quarter (July-September) of 2019/2020, State Bank of Pakistan (SBP) said on Thursday.
The total foreign private investment increased to $565 million during the first quarter of current fiscal year as compared with $374 million in the same period of the last fiscal year.
The foreign direct investment (FDI) posted nominal decline of 3.1 percent to $542 million during the period under review as compared with $559 million in the same period of the last fiscal year.
The inflows under FDI were $763 million during July – September 2019, which were 5.4 percent lower when compared with inflows of $806 million in the same period of the last year.
The outflows under FDI were declined by 11 percent to $221 million as compared with $247 million.
The foreign investment in capital market witnessed 112.2 percent increase during the first quarter of current fiscal year.
The portfolio investment recorded $22.7 million inflows during July – September 2019 as against outflows of $185 million in the corresponding period of the last year.
Analysts said improved investor confidence, stable macroeconomic indicators, and supportive government policies helped attract foreign inflows during the quarter. Higher participation in equity markets also reflected renewed optimism among overseas investors.
