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Foreign direct investments to reach $1.3b by June

Foreign direct investments to reach $1.3b by June

ISLAMABAD: The foreign direct investments (FDI) into the country are expected to touch $1.3 billion or more by the end of this year due to encouraging first six months figures as compared to the last year in the same period.

It was disclosed by a Board of Investment (BOI) spokesman. According to FDI statistics for the first six months of the fiscal year (July – Dec 2015), the total FDI inflows touched $1087.2 million whereas the net FDIs stood at $624.1 million as compared to $610.4 million last year in the same period reflecting an increase of 2.2%.

The encouraging news is that the outflows of FDIs have shown a marked decrease falling from $1171.1 millions to $463 million in the same period. Keeping in view the upward trajectory this year, total foreign direct investments are expected to touch $1.3 billion this fiscal year as compared to $851 million in the last fiscal year 2014-15.