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FDI surges 127pc in ten months of FY2019-20

FDI surges 127pc in ten months of FY2019-20

KARACHI: The inflow of Foreign Direct Investment (FDI) posted significant increase of 127 percent during first ten months of current fiscal year, State Bank of Pakistan (SBP) said on Tuesday.

The FDI was recorded $2.28 billion during July – April 2019/2020 as compared with $1 billion in the corresponding period of the last fiscal year.

The inflow under FDI was at $2.87 billion as compare during first ten months of current fiscal year as compared with $2.31 billion in the corresponding period of the last fiscal year.

Similarly, the outflows under the FDI was recorded 55 percent decrease to $590 million during the period under review as compared with $1.31 billion in the same period of the last fiscal year.

The portfolio investment posted 55 percent growth. The portfolio investment recorded outflow of $182 million during July – April 2019/2020 as compared with outflow of $408 million.

Total foreign private investment including FDI and portfolio investment urged 251 percent to $2.1 billion during first ten months of current fiscal year as compared with $598 million in the same period of the last fiscal year.