KARACHI: The inflows of foreign investment registered unprecedented growth to $2 billion during first five months (July – November) of 2019/2020 owing to significant investment in debt securities.

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KARACHI: Pakistan’s total inflow of foreign investment has increased to $1.1 billion during first four months (July – October) 2019/2020 as compared with outflow of $77.5 million in the corresponding months of the last fiscal year, State Bank of Pakistan (SBP) said on Monday.

The inflows can be attributed to attractive avenue in the debt securities for foreign participants.

The total portfolio investment has been recorded at $436.7 million during first four months of the current fiscal year as compared to a negligible amount in the same period of the last fiscal year.

The total inflow of foreign private investment was at $665.7 million during first four months of the current fiscal year as compared with $77.6 million outflow in the corresponding months of the last fiscal year.

The foreign direct investment also grew by 238.7 percent to $650 million during period under review as compared with $192 million in the same period of the last fiscal year.

The inflow of portfolio investment in capital market was recorded at $15.6 million as compared with outflow of $269.5 million.

The inflows of total foreign investment into Pakistan have witnessed a steep decline, plummeting by 72.5 percent to $1.21 billion during the first eight months of the current fiscal year (July – February), compared to $4.42 billion in the corresponding period of the previous fiscal year, according to data released by the State Bank of Pakistan (SBP) on Friday.

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The State Bank of Pakistan (SBP) has reported a substantial increase of 58 percent in the repatriation of profits and dividends by foreign companies operating in Pakistan during the first half of the current fiscal year.

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